SSE’s “Hold” Rating Reaffirmed at Deutsche Bank (SSE)
SSE (LON:SSE)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Friday, American Banking News.com reports. They currently have a GBX 1,400 ($22.46) target price on the stock. Deutsche Bank’s target price indicates a potential downside of 3.38% from the company’s current price.
Shares of SSE (LON:SSE) opened at 1450.00 on Friday. SSE has a one year low of GBX 1363.00 and a one year 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 £13.900 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of SSE in a research note to investors on Friday. They now have a GBX 1,575 ($25.27) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of SSE in a research note to investors on Thursday. They now have a GBX 1,740 ($27.92) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of SSE in a research note to investors on Wednesday. They now have a GBX 1,800 ($28.88) price target on the stock. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. SSE has a consensus rating of “Hold” and an average price target of GBX 1,519.65 ($24.38).
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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