H2O Markets Lowers Sse Plc (SSE) Price Target to GBX 1,550
Sse Plc (LON:SSE) had its price objective dropped by research analysts at H2O Markets from GBX 1,600 ($20.89) to GBX 1,550 ($20.23) in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the stock. H2O Markets’ price objective indicates a potential upside of 1.71% from the stock’s current price.
A number of other brokerages have also commented on SSE. Barclays PLC restated an “overweight” rating and set a GBX 1,675 ($21.86) price objective on shares of Sse Plc in a report on Monday, July 11th. HSBC reaffirmed a “hold” rating and issued a GBX 1,600 ($20.89) target price on shares of Sse Plc in a research report on Wednesday, June 8th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 1,550 ($20.23) target price on shares of Sse Plc in a research report on Friday, August 26th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 1,700 ($22.19) target price on shares of Sse Plc in a research report on Wednesday, July 27th. Finally, Macquarie reaffirmed an “outperform” rating and issued a GBX 1,560 ($20.36) target price on shares of Sse Plc in a research report on Monday, June 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,521.56 ($19.86).
Sse Plc (LON:SSE) opened at 1554.00 on Thursday. The stock’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 12 month low of GBX 1,317.00 and a 12 month high of GBX 1,644.00. The firm’s market cap is GBX 15.61 billion.
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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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