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Share Price Information for SSE (SSE)

London Stock Exchange
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Share Price: 1,709.50
Bid: 1,713.50
Ask: 1,714.50
Change: 0.00 (0.00%)
Spread: 1.00 (0.058%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,709.50
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Double upgrade for SSE as Deutsche sees buying opportunity

Wed, 19th Sep 2018 09:33

(Sharecast News) - Deutsche Bank upgraded SSE to 'buy' from 'sell' on Wednesday, lifting the price target to 1,250p from 1,200p after shares tanked last week on the back of a profit warningDB said the reaction to the profit warning was a buying opportunity."SSE's shares have been marked down following last week's profit warning yet we think underlying value has gone up since May. The impact of Ofgem's retail price cap now looks priced in while rising gas prices should increase long term generation value despite causing short term trading losses."Deutsche also argued that SSE's networks and renewable generation are fundamentally good businesses.SSE cautioned last week that first-half profits were likely to have halved compared to last year due to higher costs and lower volumes of energy being consumed, but promised that the dividend would be unaffected."Lower than expected output of renewable energy and higher than expected gas prices mean that SSE's financial performance in the first five months has been disappointing and regrettable," said chief executive Alistair Phillips-Davies."The underlying quality of SSE's businesses remains strong, with regulated networks and renewables providing the core of what will be an infrastructure-focused SSE group in the years ahead."At 1000 BST, the shares were down 0.3% to 1,120p.
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23 Nov 2022 13:23

RBC Capital Markets upgrades SSE to 'outperform'

(Sharecast News) - Analysts at RBC Capital Markets upgraded energy company SSE from 'sector perform' to 'outperform' on Wednesday after gaining clarity on UK windfall taxes.

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22 Nov 2022 10:09

LONDON BROKER RATINGS: Credit Suisse cuts Vodafone; Citi likes BP

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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22 Nov 2022 07:54

LONDON BRIEFING: FTSE 100 called higher as oil prices firm overnight

(Alliance News) - Stocks in London were called slightly higher on Tuesday, as a rising Brent oil price supported the FTSE 100 index, despite unease over Covid-related developments in China.

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22 Nov 2022 07:15

RBC Capital upgrades SSE on windfall tax clarity

(Sharecast News) - RBC Capital Markets upgraded SSE on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,050p from 1,825p as it pointed to clarity over windfall taxes.

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21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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19 Nov 2022 22:00

Sector movers: Power generators boosted by Autumn Statement, Oil and Gas drag

(Sharecast News) - Interest rate sensitive construction and utilities shares paced gains at the end of the week following the Chancellor's well-received Autumn Statement the day before.

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18 Nov 2022 12:21

Barclays sees 'compelling value' in UK utilities after Budget clarity

(Sharecast News) - Barclays said on Friday that the "energy tax overhang" was gone, as it welcomed the clarity brought by Chancellor Jeremy Hunt's announcement on windfall taxes in this week's Autumn Statement.

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18 Nov 2022 09:49

LONDON BROKER RATINGS: Goldman Sachs raises Tritax Big Box to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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17 Nov 2022 18:27

UK hits power firms with windfall tax, hikes oil company levy

Windfall tax on oil and gas companies rises to 35%

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17 Nov 2022 17:16

UK shares slip after Hunt's new budget raises taxes, squeezes spending

Jeremy Hunt hikes taxes, squeezes spending

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17 Nov 2022 17:01

LONDON MARKET CLOSE: FTSE 100 ends lower despite post-budget rebound

(Alliance News) - London's FTSE 100 made a stellar recovery in the final hours of trading after suffering early afternoon malaise in the wake of the Chancellor's autumn statement.

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17 Nov 2022 15:08

UK power companies up after budget keeps energy cap to 2024

LONDON, Nov 17 (Reuters) - London-listed power generators shares rose on Thursday after British finance minister Jeremy Hunt said the average household energy bill would rise and kept a price cap until 2024.

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17 Nov 2022 13:49

Britain targets energy efficiency with consumption cut goal

LONDON, Nov 17 (Reuters) - Finance minister Jeremy Hunt said he wanted Britain to cut its energy usage by 15% by 2030 to help reduce bills, catching up with European neighbours which are already prioritising measures to counter spiralling prices.

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17 Nov 2022 13:01

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,555) a year from April after he reined in the scale of support for gas and electricity, but kept a price cap until 2024.

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17 Nov 2022 12:52

Sterling, UK bond prices edge lower as Hunt outlines tough budget

LONDON, Nov 17 (Reuters) - Sterling and government bond prices fell on Thursday after British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in a tough budget plan.

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