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 released on Wednesday. The firm presently has a $22.00 price target on the stock. Zacks Investment Research’s price target would indicate 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. “
A number of other equities analysts have also recently issued reports on the stock. Bank of America Corp. upgraded shares of SSE PLC from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 7th. Sanford C. Bernstein upgraded shares of SSE PLC from an “underperform” rating to a “market perform” rating in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. started coverage on shares of SSE PLC in a research report on Wednesday, September 7th. They set a “neutral” rating for the company. Barclays PLC reiterated an “overweight” rating on shares of SSE PLC in a research report on Sunday, August 21st. Finally, Citigroup Inc. upgraded shares of SSE PLC from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 3rd. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $22.00.
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Shares of SSE PLC (OTCMKTS:SSEZY) opened at 19.96 on Wednesday. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 32.61 and a beta of 0.71. SSE PLC has a 12-month low of $17.95 and a 12-month high of $24.45. The firm has a 50-day moving average of $20.06 and a 200 day moving average of $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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