SSE (SSE) Rating Reiterated by Citigroup

SSE (LON:SSE)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup in a research report issued on Friday, December 1st, Marketbeat.com reports. They presently have a GBX 1,327 ($17.86) target price on the stock. Citigroup’s price target suggests a potential upside of 0.30% from the stock’s previous close.

SSE has been the subject of several other research reports. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,500 ($20.19) price objective on shares of SSE in a research note on Thursday, November 2nd. Jefferies Group upgraded SSE to a “buy” rating and lifted their price objective for the company from GBX 1,400 ($18.84) to GBX 1,700 ($22.88) in a research note on Tuesday, November 21st. Morgan Stanley decreased their price objective on SSE from GBX 1,725 ($23.22) to GBX 1,700 ($22.88) and set an “overweight” rating for the company in a research note on Monday, August 7th. Deutsche Bank reissued a “sell” rating and set a GBX 1,300 ($17.50) target price on shares of SSE in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 1,540 ($20.73) target price on shares of SSE in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,534.93 ($20.66).

Shares of SSE (SSE) opened at GBX 1,323 ($17.81) on Friday. SSE has a 52 week low of GBX 1,309 ($17.62) and a 52 week high of GBX 1,578 ($21.24).

SSE (LON:SSE) last announced its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) EPS for the quarter, beating analysts’ consensus estimates of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). SSE had a return on equity of 40.09% and a net margin of 6.57%. The company had revenue of GBX 1,218.41 billion during the quarter.

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About SSE

SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.

Analyst Recommendations for SSE (LON:SSE)

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