SSE (SSE) Stock Rating Reaffirmed by Credit Suisse Group

SSE (LON:SSE)‘s stock had its “restricted” rating reaffirmed by analysts at Credit Suisse Group in a report released on Wednesday.

SSE has been the subject of a number of other reports. Jefferies Group raised shares of SSE to a “buy” rating and increased their price objective for the company from GBX 1,400 ($18.72) to GBX 1,700 ($22.73) in a report on Tuesday, November 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,540 ($20.59) price objective on shares of SSE in a report on Thursday, October 26th. Citigroup reaffirmed a “neutral” rating and set a GBX 1,327 ($17.74) price objective on shares of SSE in a report on Friday, December 1st. Deutsche Bank reaffirmed a “sell” rating and set a GBX 1,300 ($17.38) price objective on shares of SSE in a report on Friday, October 20th. Finally, Berenberg Bank cut their price objective on shares of SSE from GBX 1,650 ($22.06) to GBX 1,600 ($21.39) and set a “buy” rating for the company in a report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,534.93 ($20.52).

SSE (SSE) opened at GBX 1,308.85 ($17.50) on Wednesday. The firm has a market cap of $13,250.00 and a P/E ratio of 969.52. SSE has a one year low of GBX 1,272.97 ($17.02) and a one year high of GBX 1,570 ($20.99).

SSE (LON:SSE) last released its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). The company had revenue of GBX 1,218.41 billion during the quarter. SSE had a net margin of 2.93% and a return on equity of 9.69%.

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SSE Company Profile

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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