Bank of America Corp. Reiterates Neutral Rating for SSE (SSE)
SSE (LON:SSE)‘s stock had its “neutral” rating reaffirmed by equities researchers at Bank of America Corp. in a research report issued on Thursday, American Banking News reports. They currently have a GBX 1,600 ($25.63) price objective on the stock. Bank of America Corp.’s target price would indicate a potential upside of 9.59% from the stock’s previous close.
Shares of SSE (LON:SSE) traded down 1.95% during mid-day trading on Thursday, hitting GBX 1460.00. The stock had a trading volume of 3,845,293 shares. SSE has a 1-year low of GBX 1363.00 and a 1-year high of GBX 1690.00. The stock has a 50-day moving average of GBX 1563. and a 200-day moving average of GBX 1547.. The company’s market cap is £13.996 billion.
A number of other firms have also recently commented on SSE. Analysts at Credit Suisse reiterated an “outperform” rating on shares of SSE (LON:SSE) in a research note to investors on Wednesday. They now have a GBX 1,700 ($27.23) price target on the stock, up previously from GBX 1,650 ($26.43). Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of SSE (LON:SSE) in a research note to investors on Wednesday. They now have a GBX 1,270 ($20.34) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of SSE (LON:SSE) in a research note to investors on Tuesday, September 17th. They now have a GBX 1,800 ($28.83) price target on the stock. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,524.77 ($24.42).
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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