Sse Plc PT Raised to GBX 1,530 (SSE)
Equities research analysts at Berenberg Bank lifted their price objective on shares of Sse Plc (LON:SSE) from GBX 1,320 ($22.07) to GBX 1,530 ($25.58) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 2.62% from the company’s current price.
Sse Plc (LON:SSE) traded up 0.94% on Tuesday, hitting GBX 1507.00. 907,498 shares of the company’s stock traded hands. Sse Plc has a 1-year low of GBX 1297.00 and a 1-year high of GBX 1858.00. The stock has a 50-day moving average of GBX 1509. and a 200-day moving average of GBX 1490.. The company’s market cap is £14.644 billion.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Sse Plc to a “sector performer” rating in a research note on Friday. They now have a GBX 1,500 ($25.08) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Sse Plc in a research note on Friday. They now have a GBX 1,600 ($26.75) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Sse Plc in a research note on Friday, August 8th. They now have a GBX 1,330 ($22.23) price target on the stock. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,480.72 ($24.75).
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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