SSE (LON:SSE) Lifted to Buy at Goldman Sachs Group

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Goldman Sachs Group upgraded shares of SSE (LON:SSE) to a buy rating in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. Goldman Sachs Group currently has GBX 1,498 ($19.71) target price on the stock, up from their prior target price of GBX 1,488 ($19.57).

Several other research firms have also recently commented on SSE. Deutsche Bank dropped their target price on shares of SSE from GBX 1,500 ($19.73) to GBX 1,350 ($17.76) and set a hold rating for the company in a research report on Friday, March 13th. Sanford C. Bernstein raised their target price on shares of SSE from GBX 1,450 ($19.07) to GBX 1,600 ($21.05) and gave the stock an outperform rating in a research report on Thursday, January 9th. Credit Suisse Group reaffirmed an outperform rating on shares of SSE in a research report on Monday, January 20th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,700 ($22.36) target price on shares of SSE in a research report on Monday, February 10th. Finally, Barclays raised shares of SSE to an overweight rating and raised their target price for the stock from GBX 1,300 ($17.10) to GBX 1,650 ($21.70) in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,485.57 ($19.54).

LON:SSE opened at GBX 1,312 ($17.26) on Tuesday. The company has a 50-day moving average price of GBX 1,490.49 and a 200-day moving average price of GBX 1,379.46. SSE has a 12 month low of GBX 997.80 ($13.13) and a 12 month high of GBX 1,703 ($22.40). The company has a current ratio of 0.82, a quick ratio of 0.37 and a debt-to-equity ratio of 208.36. The stock has a market cap of $13.69 billion and a price-to-earnings ratio of 10.68.

In other SSE news, insider Melanie Smith purchased 901 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was bought at an average cost of GBX 1,506 ($19.81) per share, with a total value of £13,569.06 ($17,849.33).

About SSE

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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Analyst Recommendations for SSE (LON:SSE)

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