SSE Price Target Cut to GBX 1,370 by Analysts at Societe Generale (SSE)
Stock analysts at Societe Generale decreased their price objective on shares of SSE (LON:SSE) from GBX 1,385 ($22.35) to GBX 1,370 ($22.10) in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “sell” rating on the stock. Societe Generale’s target price would suggest a potential downside of 7.62% from the company’s current price.
A number of other analysts have also recently weighed in on SSE. Analysts at RBC Capital reiterated a “sector perform” rating on shares of SSE (LON:SSE) in a research note to investors on Tuesday. They now have a GBX 1,740 ($28.07) price target on the stock. Separately, analysts at Charles Stanley reiterated an “accumulate” rating on shares of SSE (LON:SSE) in a research note to investors on Monday. Finally, analysts at Raymond James reiterated an “underperform” rating on shares of SSE (LON:SSE) in a research note to investors on Thursday, September 26th. They now have a GBX 1,270 ($20.49) price target on the stock. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. SSE currently has an average rating of “Hold” and an average price target of GBX 1,524.02 ($24.59).
SSE (LON:SSE) traded up 0.95% during mid-day trading on Wednesday, hitting GBX 1483.00. 2,018,502 shares of the company’s stock traded hands. SSE has a 52-week low of GBX 1363.00 and a 52-week high of GBX 1690.00. The stock’s 50-day moving average is GBX 1563. and its 200-day moving average is GBX 1547.. The company’s market cap is £14.216 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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