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).

Analyst Recommendations for Sse Plc (LON:SSE)

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/sse-plc-sse-given-new-gbx-1550-price-target-at-jefferies-group.html

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.

Receive News & Ratings for Sse Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sse Plc and related companies with MarketBeat.com's FREE daily email newsletter.