SSE Stock Rating Reaffirmed by Credit Suisse (SSE)
SSE (LON:SSE)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 1,700 ($27.27) price target on the stock. Credit Suisse’s price target indicates a potential upside of 17.40% from the company’s current price.
Shares of SSE (LON:SSE) opened at 1449.3636 on Tuesday. 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 £13.894 billion.
SSE has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of SSE in a research note to investors on Monday. They now have a GBX 1,270 ($20.38) price target on the stock. Separately, 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). Finally, 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. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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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