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%.

TRADEMARK VIOLATION NOTICE: “SSE (SSE) Stock Rating Reaffirmed by Credit Suisse Group” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.chaffeybreeze.com/2018/01/05/sse-sse-stock-rating-reaffirmed-by-credit-suisse-group.html.

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)

Receive News & Ratings for SSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply