SSE Upgraded by Investec to Add (SSE)
SSE (LON:SSE) was upgraded by stock analysts at Investec from a “hold” rating to an “add” rating in a report issued on Friday, American Banking & Market News reports. The firm currently has a GBX 1,475 ($23.80) target price on the stock, down from their previous target price of GBX 1,520 ($24.52). Investec’s target price points to a potential upside of 0.55% from the stock’s previous close.
Shares of SSE (LON:SSE) opened at 1458.00 on Friday. 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 £13.976 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale cut their price target on shares of SSE (LON:SSE) from GBX 1,385 ($22.35) to GBX 1,370 ($22.10) in a research note to investors on Wednesday. They now have a “sell” rating on the stock. Separately, 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. Finally, analysts at Charles Stanley reiterated an “accumulate” rating on shares of SSE (LON:SSE) in a research note to investors on Monday. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. SSE currently has a consensus rating of “Hold” and a consensus target price of GBX 1,521.77 ($24.55).
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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