SSE PT Raised to GBX 1,280 at Morgan Stanley (SSE)
Investment analysts at Morgan Stanley raised their price target on shares of SSE (LON:SSE) from GBX 1,185 ($18.53) to GBX 1,280 ($20.01) in a note issued to investors on Tuesday, ARN reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 17.79% from the company’s current price.
A number of other analysts have also recently weighed in on SSE. Analysts at BNP Paribas reiterated an “outperform” rating on shares of SSE (LON:SSE) in a research note to investors on Thursday, September 5th. They now have a GBX 1,800 ($28.14) price target on the stock. Separately, analysts at Landsbanki Securities reiterated a “buy” rating on shares of SSE (LON:SSE) in a research note to investors on Friday, August 30th. They now have a GBX 1,575 ($24.62) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of SSE (LON:SSE) in a research note to investors on Friday, August 30th.
Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. SSE currently has a consensus rating of “Hold” and an average price target of GBX 1,522 ($23.80).
SSE (LON:SSE) traded down 0.13% during mid-day trading on Tuesday, hitting GBX 1557.00. 1,627,054 shares of the company’s stock traded hands. SSE has a 52 week low of GBX 1352.00 and a 52 week high of GBX 1690.00. The stock’s 50-day moving average is GBX 1573. and its 200-day moving average is GBX 1542.. The company’s market cap is £14.925 billion.
SSE plc, formerly Scottish and Southern Energy plc, is a holding company. The Company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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