SSE Given New GBX 1,414 Price Target at Goldman Sachs (SSE)
Equities researchers at Goldman Sachs cut their target price on shares of SSE (LON:SSE) from GBX 1,428 ($23.43) to GBX 1,414 ($23.20) in a research report issued on Wednesday, AR Network reports. The firm currently has a “sell” rating on the stock. Goldman Sachs’ price target indicates a potential upside of 3.44% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “underperform” rating on shares of SSE in a research note on Monday. They now have a GBX 1,200 ($19.69) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of SSE from GBX 1,560 ($25.59) to GBX 1,475 ($24.20) in a research note on Tuesday, February 4th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “underperform” rating on shares of SSE in a research note on Friday, January 24th. They now have a GBX 1,270 ($20.84) price target on the stock. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. SSE presently has an average rating of “Hold” and an average target price of GBX 1,478.53 ($24.26).
SSE (LON:SSE) traded down 0.37% during mid-day trading on Wednesday, hitting GBX 1360.00. The stock had a trading volume of 2,465,101 shares. SSE has a 52-week low of GBX 1297.00 and a 52-week high of GBX 1690.00. The stock has a 50-day moving average of GBX 1341. and a 200-day moving average of GBX 1434.. The company’s market cap is £13.116 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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