SSE (SSE) Given Overweight Rating at Morgan Stanley

SSE (LON:SSE)‘s stock had its “overweight” rating reissued by equities researchers at Morgan Stanley in a report issued on Monday. They currently have a GBX 1,670 ($22.65) price target on the stock. Morgan Stanley’s price target points to a potential upside of 28.81% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. dropped their target price on shares of SSE from GBX 1,590 ($21.56) to GBX 1,530 ($20.75) and set a “buy” rating for the company in a research report on Thursday, October 5th. Credit Suisse Group reissued an “outperform” rating and set a GBX 1,500 ($20.34) target price on shares of SSE in a research report on Thursday, October 5th. Deutsche Bank reissued a “sell” rating and set a GBX 1,300 ($17.63) target price on shares of SSE in a research report on Thursday, October 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,540 ($20.88) target price on shares of SSE in a research report on Thursday, October 26th. Finally, Macquarie reissued an “outperform” rating and set a GBX 1,475 ($20.00) target price on shares of SSE in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. SSE currently has an average rating of “Buy” and a consensus price target of GBX 1,532.79 ($20.79).

SSE (LON SSE) opened at GBX 1,296.50 ($17.58) on Monday. The stock has a market cap of $13,150.00 and a PE ratio of 960.37. SSE has a 1-year low of GBX 1,272.97 ($17.26) and a 1-year high of GBX 1,554 ($21.07).

SSE (LON:SSE) last announced its quarterly earnings data on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). The business had revenue of GBX 1,218.41 billion for 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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