SSE (LON:SSE) had its price target decreased by research analysts at Deutsche Bank from GBX 1,300 ($17.50) to GBX 1,250 ($16.82) in a note issued to investors on Wednesday. The firm presently has a “sell” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 5.62% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Citigroup restated a “neutral” rating and set a GBX 1,327 ($17.86) price target on shares of SSE in a report on Friday, December 1st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,550 ($20.86) price target on shares of SSE in a report on Tuesday, November 28th. Berenberg Bank cut their price target on SSE from GBX 1,650 ($22.21) to GBX 1,600 ($21.53) and set a “buy” rating on the stock in a report on Thursday, November 23rd. Jefferies Group upgraded SSE to a “buy” rating and upped their price target for the stock from GBX 1,400 ($18.84) to GBX 1,700 ($22.88) in a report on Tuesday, November 21st. Finally, restated a “buy” rating and set a GBX 1,530 ($20.59) price target on shares of SSE in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. SSE currently has a consensus rating of “Buy” and an average target price of GBX 1,534.93 ($20.66).

SSE (LON:SSE) traded down GBX 2.53 ($0.03) during mid-day trading on Wednesday, hitting GBX 1,324.47 ($17.83). The company had a trading volume of 2,645,134 shares, compared to its average volume of 4,030,000. SSE has a 52-week low of GBX 1,309 ($17.62) and a 52-week high of GBX 1,578 ($21.24).

SSE (LON:SSE) last posted its quarterly earnings data on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). The firm had revenue of GBX 1,218.41 billion for the quarter. SSE had a return on equity of 40.09% and a net margin of 6.57%.

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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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