Societe Generale Reaffirms Sell Rating for Sse Plc (SSE)
Sse Plc (LON:SSE)‘s stock had its “sell” rating restated by Societe Generale in a research note issued on Tuesday. They currently have a GBX 1,320 ($16.09) price objective on the stock. Societe Generale’s price target would suggest a potential downside of 14.12% from the stock’s previous close.
Several other research firms also recently weighed in on SSE. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 1,550 ($18.89) price target on shares of Sse Plc in a research note on Friday, August 26th. JPMorgan Chase & Co. cut their price target on Sse Plc from GBX 1,625 ($19.80) to GBX 1,600 ($19.50) and set a “neutral” rating on the stock in a research note on Thursday, September 15th. Barclays PLC restated an “overweight” rating on shares of Sse Plc in a research note on Friday, August 19th. Deutsche Bank AG upped their price target on Sse Plc from GBX 1,400 ($17.06) to GBX 1,470 ($17.92) and gave the stock a “hold” rating in a research note on Monday, September 12th. Finally, H2O Markets cut their price target on Sse Plc from GBX 1,600 ($19.50) to GBX 1,550 ($18.89) and set a “hold” rating on the stock in a research note on Thursday, September 22nd. 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 stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,521.56 ($18.54).
Shares of Sse Plc (LON:SSE) opened at 1566.05 on Tuesday. The firm has a 50-day moving average price of GBX 1,537.06 and a 200-day moving average price of GBX 1,530.81. Sse Plc has a 52-week low of GBX 1,317.00 and a 52-week high of GBX 1,644.00. The stock’s market capitalization is GBX 15.73 billion.
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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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