SSE (LON:SSE) Price Target Increased to GBX 1,550 by Analysts at Royal Bank of Canada
SSE (LON:SSE) had its price objective increased by Royal Bank of Canada from GBX 1,200 ($15.79) to GBX 1,550 ($20.39) in a research note published on Wednesday, Digital Look reports. Royal Bank of Canada currently has a sector performer rating on the stock.
SSE has been the subject of a number of other reports. BNP Paribas raised their price target on SSE from GBX 1,400 ($18.42) to GBX 1,600 ($21.05) and gave the stock an outperform rating in a research note on Friday, January 10th. Sanford C. Bernstein boosted their price objective on SSE from GBX 1,450 ($19.07) to GBX 1,600 ($21.05) and gave the company an outperform rating in a report on Thursday, January 9th. UBS Group reaffirmed a neutral rating and issued a GBX 1,400 ($18.42) price objective on shares of SSE in a research report on Monday, February 3rd. Goldman Sachs Group lowered SSE to a neutral rating and increased their target price for the stock from GBX 1,369 ($18.01) to GBX 1,461 ($19.22) in a research note on Tuesday, January 7th. Finally, Citigroup reiterated a neutral rating on shares of SSE in a research report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,446.50 ($19.03).
Shares of LON:SSE traded up GBX 14.50 ($0.19) during trading hours on Wednesday, hitting GBX 1,639 ($21.56). 2,790,471 shares of the company’s stock traded hands, compared to its average volume of 4,270,000. The firm has a market capitalization of $16.92 billion and a P/E ratio of 13.34. The business has a fifty day moving average price of GBX 1,495.72 and a 200-day moving average price of GBX 1,304.61. SSE has a 1 year low of GBX 997.80 ($13.13) and a 1 year high of GBX 1,651.50 ($21.72). The company has a debt-to-equity ratio of 208.36, a current ratio of 0.82 and a quick ratio of 0.37.
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
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