SSE Lowered to “Neutral” at BNP Paribas (SSE)
SSE (LON:SSE) was downgraded by stock analysts at BNP Paribas to a “neutral” rating in a report issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 1,420 ($23.40) price objective on the stock, down from their previous price objective of GBX 1,800 ($29.66). BNP Paribas’ target price indicates a potential upside of 5.65% from the stock’s previous close.
SSE (LON:SSE) traded down 1.47% during mid-day trading on Monday, hitting GBX 1344.00. 3,529,685 shares of the company’s stock traded hands. SSE has a 52-week low of GBX 1299.00 and a 52-week high of GBX 1690.00. The stock’s 50-day moving average is GBX 1344. and its 200-day moving average is GBX 1472.43. The company’s market cap is £12.962 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, December 6th. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of SSE in a research note to investors on Thursday, December 5th. They now have a GBX 1,700 ($28.02) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SSE in a research note to investors on Thursday, December 5th. They now have a GBX 1,200 ($19.78) price target on the stock. Six analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. SSE presently has a consensus rating of “Hold” and an average target price of GBX 1,492.15 ($24.59).
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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