SSE’s (SSE) Overweight Rating Reaffirmed at Morgan Stanley

SSE (LON:SSEGet Rating)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a report issued on Wednesday, Digital Look reports.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of SSE from GBX 1,800 ($22.19) to GBX 1,825 ($22.50) and gave the company a “sector perform” rating in a research report on Tuesday, January 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SSE from GBX 1,800 ($22.19) to GBX 1,900 ($23.42) and gave the company a “buy” rating in a research report on Friday, February 18th. Citigroup raised shares of SSE to a “buy” rating and set a GBX 1,829 ($22.55) price objective on the stock in a research report on Wednesday, March 9th. Barclays reaffirmed an “overweight” rating and set a GBX 2,000 ($24.66) price objective on shares of SSE in a research report on Monday, February 21st. Finally, Berenberg Bank reiterated a “hold” rating on shares of SSE in a research note on Thursday, February 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, SSE has a consensus rating of “Hold” and an average target price of GBX 1,725.33 ($21.27).

Shares of SSE opened at GBX 1,816.80 ($22.40) on Wednesday. The company’s 50 day moving average price is GBX 1,748.32 and its 200 day moving average price is GBX 1,658.42. SSE has a 52 week low of GBX 1,433.50 ($17.67) and a 52 week high of GBX 1,890 ($23.30). The company has a market capitalization of £19.40 billion and a PE ratio of 7.41. The company has a debt-to-equity ratio of 135.61, a quick ratio of 0.34 and a current ratio of 0.72.

SSE Company Profile (Get Rating)

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates and, develops high voltage electricity transmission system in the north of Scotland and remote islands.

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