Sse Plc (SSE) Price Target Lowered to GBX 1,700 at Morgan Stanley
Sse Plc (LON:SSE) had its price target decreased by research analysts at Morgan Stanley from GBX 1,725 ($22.75) to GBX 1,700 ($22.42) in a research note issued to investors on Monday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 21.17% from the company’s current price.
A number of other research analysts have also weighed in on SSE. Berenberg Bank raised shares of Sse Plc to a “buy” rating and raised their price target for the company from GBX 1,550 ($20.45) to GBX 1,650 ($21.76) in a research note on Tuesday, April 11th. Citigroup Inc. reaffirmed a “sell” rating and issued a GBX 1,300 ($17.15) price target on shares of Sse Plc in a research note on Thursday, May 4th. Jefferies Group LLC decreased their price target on shares of Sse Plc from GBX 1,550 ($20.45) to GBX 1,400 ($18.47) and set a “hold” rating on the stock in a research note on Friday, May 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 1,528 ($20.16) price target on shares of Sse Plc in a research note on Tuesday, May 9th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 1,540 ($20.31) price target on shares of Sse Plc in a research note on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,542.50 ($20.35).
Shares of Sse Plc (SSE) opened at 1397.00 on Monday. The firm’s 50-day moving average price is GBX 1,462.03 and its 200 day moving average price is GBX 1,485.50. Sse Plc has a 52 week low of GBX 1,373.00 and a 52 week high of GBX 1,644.00. The company’s market capitalization is GBX 14.15 billion.
In other news, insider Gregor Alexander sold 15,418 shares of Sse Plc stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of GBX 1,501 ($19.80), for a total transaction of £231,424.18 ($305,268.67). In the last ninety days, insiders have bought 31 shares of company stock worth $44,942.
About Sse Plc
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. 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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