SSE Price Target Cut to GBX 1,610 (SSE)
Investment analysts at HSBC lowered their price objective on shares of SSE (LON:SSE) from GBX 1,630 ($26.02) to GBX 1,610 ($25.70) in a note issued to investors on Monday, ARN reports. The firm currently has a “neutral” rating on the stock. HSBC’s target price suggests a potential upside of 12.05% from the company’s current price.
A number of other analysts have also recently weighed in on SSE. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SSE in a research note to investors on Friday. They now have a GBX 1,400 ($22.35) price target on the stock. Separately, 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 ($25.14) price target on the stock. Finally, 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 ($27.78) price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,517.65 ($24.23).
SSE (LON:SSE) traded down 0.97% during mid-day trading on Monday, hitting GBX 1436.89. 1,299,321 shares of the company’s stock traded hands. 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 £13.774 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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