SSE’s (SSE) “Equal weight” Rating Reaffirmed at Morgan Stanley
Morgan Stanley restated their equal weight rating on shares of SSE (LON:SSE) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the company. Credit Suisse Group set a GBX 6,350 ($82.97) price target on AstraZeneca and gave the stock a buy rating in a research note on Friday, March 29th. JPMorgan Chase & Co. reduced their price target on National Grid from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an overweight rating on the stock in a research note on Thursday, May 23rd. UBS Group lowered Ecolab from a buy rating to a neutral rating and increased their price target for the stock from $180.00 to $186.00 in a research note on Thursday, April 18th. Deutsche Bank increased their price target on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 12th. Finally, Macquarie raised AGL Energy from an underperform rating to a neutral rating in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. SSE currently has a consensus rating of Hold and a consensus target price of GBX 1,201.62 ($15.70).
Shares of SSE stock opened at GBX 1,164 ($15.21) on Monday. SSE has a fifty-two week low of GBX 997.80 ($13.04) and a fifty-two week high of GBX 1,389.50 ($18.16). The stock has a market cap of $11.99 billion and a price-to-earnings ratio of 8.44. The business’s fifty day simple moving average is GBX 1,124.07. The company has a current ratio of 1.03, a quick ratio of 0.41 and a debt-to-equity ratio of 167.40.
In other news, insider Crawford S. Gillies acquired 1,950 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of GBX 1,119 ($14.62) per share, for a total transaction of £21,820.50 ($28,512.35). Also, insider Martin Pibworth sold 10,946 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 1,116 ($14.58), for a total value of £122,157.36 ($159,620.23).
SSE Company Profile
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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