Barclays Initiates Coverage on SSE (SSE)

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Barclays initiated coverage on shares of SSE (LON:SSE) in a report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage set an “underweight” rating and a GBX 1,000 ($13.07) price target on the stock. Barclays‘s price objective indicates a potential downside of 3.94% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank reaffirmed a “hold” rating on shares of SSE in a report on Tuesday, May 14th. UBS Group reaffirmed a “neutral” rating on shares of SSE in a report on Thursday, April 18th. Morgan Stanley began coverage on SSE in a report on Wednesday, April 17th. They issued an “equal weight” rating and a GBX 1,255 ($16.40) target price on the stock. Jefferies Financial Group reduced their target price on SSE from GBX 1,500 ($19.60) to GBX 1,370 ($17.90) and set a “buy” rating on the stock in a report on Tuesday, April 9th. Finally, Goldman Sachs Group raised their target price on SSE from GBX 1,298 ($16.96) to GBX 1,357 ($17.73) and gave the company a “buy” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. SSE currently has an average rating of “Hold” and an average price target of GBX 1,246.67 ($16.29).

Shares of SSE stock opened at GBX 1,041 ($13.60) on Friday. The firm has a market capitalization of $10.74 billion and a price-to-earnings ratio of 45.86. SSE has a fifty-two week low of GBX 1,026.50 ($13.41) and a fifty-two week high of GBX 1,449.50 ($18.94). The company has a debt-to-equity ratio of 212.51, a quick ratio of 0.33 and a current ratio of 0.92.

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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