Sse Plc’s “Underweight” Rating Reaffirmed at HSBC (SSE)
Sse Plc (LON:SSE)‘s stock had its “underweight” rating restated by equities research analysts at HSBC in a research note issued to investors on Tuesday. They currently have a GBX 1,490 ($25.56) target price on the stock. HSBC’s price objective suggests a potential downside of 6.35% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Sse Plc in a research note on Monday, June 30th. They now have a GBX 1,340 ($22.98) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Sse Plc in a research note on Friday, June 27th. They now have a GBX 1,220 ($20.93) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Sse Plc in a research note on Friday, June 27th. They now have a GBX 1,680 ($28.82) price target on the stock. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,452.39 ($24.91).
Shares of Sse Plc (LON:SSE) opened at 1590.90 on Tuesday. Sse Plc has a one year low of GBX 1297.00 and a one year high of GBX 1858.00. The stock has a 50-day moving average of GBX 1566. and a 200-day moving average of GBX 1459.. The company’s market cap is £15.459 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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