Sse Plc’s (SSE) “Sell” Rating Reaffirmed at Societe Generale
Sse Plc (LON:SSE)‘s stock had its “sell” rating reissued by stock analysts at Societe Generale in a research note issued to investors on Tuesday. They presently have a GBX 1,320 ($16.09) price target on the stock. Societe Generale’s target price indicates a potential downside of 14.12% from the stock’s previous close.
SSE has been the subject of several other reports. Deutsche Bank AG raised their target price on shares of Sse Plc from GBX 1,400 ($17.06) to GBX 1,470 ($17.92) and gave the company a “hold” rating in a research note on Monday, September 12th. Jefferies Group cut their target price on shares of Sse Plc from GBX 1,600 ($19.50) to GBX 1,550 ($18.89) and set a “hold” rating for the company in a research note on Thursday, September 22nd. JPMorgan Chase & Co. cut their target price on shares of Sse Plc from GBX 1,625 ($19.80) to GBX 1,600 ($19.50) and set a “neutral” rating for the company in a research note on Thursday, September 15th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,675 ($20.41) target price on shares of Sse Plc in a research note on Friday, July 22nd. Finally, H2O Markets cut their target price on shares of Sse Plc from GBX 1,600 ($19.50) to GBX 1,550 ($18.89) and set a “hold” rating for the company in a research note on Thursday, September 22nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,521.56 ($18.54).
Sse Plc (LON:SSE) opened at 1565.05 on Tuesday. Sse Plc has a one year low of GBX 1,317.00 and a one year high of GBX 1,644.00. The firm’s market capitalization is GBX 15.72 billion. The stock has a 50 day moving average price of GBX 1,537.06 and a 200 day moving average price of GBX 1,530.81.
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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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