In a report released today, Ajay Patel from Goldman Sachs maintained a Buy rating on SSE (SSE – Research Report), with a price target of p2,284.00.
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Ajay Patel has given his Buy rating due to a combination of factors including SSE’s financial performance and strategic investment plans. The company’s FY 2025 results surpassed market expectations with adjusted EBIT and EPS figures slightly ahead of consensus, indicating strong operational performance.
Additionally, SSE’s strategic focus on regulated Networks and Renewables, with a significant portion of its reduced capital expenditure directed towards these areas, suggests a commitment to sustainable growth. The adjustment in investment expectations reflects a more focused and potentially more profitable approach, which supports the positive outlook on the stock.
In another report released on June 6, J.P. Morgan also maintained a Buy rating on the stock with a p2,150.00 price target.