Zacks Investment Research upgraded shares of SSE PLC/S (OTCMKTS:SSEZY) from a hold rating to a buy rating in a research note published on Saturday. The firm currently has $16.00 price target on the technology company’s stock.
According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “
Separately, Royal Bank of Canada cut SSE PLC/S from an outperform rating to a sector perform rating in a research report on Wednesday, June 20th.
SSE PLC/S stock opened at $14.81 on Friday. The firm has a market cap of $15.13 billion, a P/E ratio of 9.20, a PEG ratio of 8.31 and a beta of 0.74. SSE PLC/S has a one year low of $14.07 and a one year high of $19.66.
SSE PLC/S 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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