SSE PLC (SSEZY) Upgraded to Buy at Zacks Investment Research
SSE PLC (OTCMKTS:SSEZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $22.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 10.22% from the company’s current price.
According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “
Other equities analysts have also recently issued reports about the company. Barclays PLC reissued an “overweight” rating on shares of SSE PLC in a research note on Sunday, August 21st. Sanford C. Bernstein raised SSE PLC from an “underperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Goldman Sachs Group Inc. started coverage on SSE PLC in a research note on Wednesday, September 7th. They set a “neutral” rating on the stock. Berenberg Bank reissued a “hold” rating on shares of SSE PLC in a research note on Tuesday, June 14th. Finally, JPMorgan Chase & Co. cut SSE PLC from an “overweight” rating to a “neutral” rating in a research note on Friday, July 22nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. SSE PLC has a consensus rating of “Hold” and an average target price of $22.00.
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SSE PLC (OTCMKTS:SSEZY) opened at 19.96 on Wednesday. The company has a market capitalization of $20.05 billion, a PE ratio of 32.61 and a beta of 0.71. SSE PLC has a 52 week low of $17.95 and a 52 week high of $24.45. The firm’s 50-day moving average price is $20.06 and its 200 day moving average price is $21.12.
SSE PLC Company Profile
SSE plc is a United Kingdom-based company engaged in the generation, transmission, distribution and supply of electricity; in the production, storage, distribution and supply of gas, and in other energy-related services. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.
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