SSE Stock Rating Reaffirmed by Citigroup Inc. (SSE)
SSE (LON:SSE)‘s stock had its “sell” rating reaffirmed by Citigroup Inc. in a research note issued on Monday, American Banking and Market News reports. They currently have a GBX 1,270 ($20.38) price objective on the stock. Citigroup Inc.’s price target would indicate a potential downside of 12.29% from the company’s current price.
SSE (LON:SSE) traded down 0.96% on Monday, hitting GBX 1448.00. The stock had a trading volume of 1,740,326 shares. SSE has a 52-week low of GBX 1363.00 and a 52-week 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 £13.881 billion.
A number of other analysts have also recently weighed in on SSE. Analysts at Investec upgraded shares of SSE from a “hold” rating to an “add” rating in a research note to investors on Friday. They now have a GBX 1,475 ($23.66) price target on the stock, down previously from GBX 1,520 ($24.39). Separately, analysts at Societe Generale cut their price target on shares of SSE from GBX 1,385 ($22.22) to GBX 1,370 ($21.98) in a research note to investors on Wednesday, October 2nd. They now have a “sell” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of SSE in a research note to investors on Tuesday, October 1st. They now have a GBX 1,740 ($27.92) price target on the stock. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 1,521.77 ($24.41).
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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