Sse Plc (SSE) Given New GBX 1,550 Price Target at Jefferies Group
Sse Plc (LON:SSE) had its target price reduced by Jefferies Group from GBX 1,600 ($20.89) to GBX 1,550 ($20.23) in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential upside of 1.71% from the stock’s previous close.
A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their target price on Sse Plc from GBX 1,625 ($21.21) to GBX 1,600 ($20.89) and set a “neutral” rating on the stock in a research report on Thursday, September 15th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 1,603 ($20.92) target price on shares of Sse Plc in a research report on Wednesday, September 7th. Societe Generale reiterated a “sell” rating and set a GBX 1,320 ($17.23) target price on shares of Sse Plc in a research report on Tuesday, May 31st. BNP Paribas reiterated an “outperform” rating and set a GBX 1,700 ($22.19) target price on shares of Sse Plc in a research report on Wednesday, July 27th. Finally, Berenberg Bank reiterated a “hold” rating on shares of Sse Plc in a research report on Tuesday, June 14th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,519.88 ($19.84).
Sse Plc (LON:SSE) opened at 1533.00 on Thursday. The company’s market cap is GBX 15.40 billion. The firm’s 50-day moving average is GBX 1,530.72 and its 200-day moving average is GBX 1,521.39. Sse Plc has a 52-week low of GBX 1,317.00 and a 52-week high of GBX 1,644.00.
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About Sse Plc
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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