Sse Plc’s (SSE) Sell Rating Reaffirmed at Deutsche Bank AG
Sse Plc (LON:SSE)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank AG in a research note issued on Friday. They presently have a GBX 1,300 ($16.88) target price on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 9.53% from the stock’s current price.
Other analysts also recently issued research reports about the company. Investec reissued a “buy” rating and issued a GBX 1,520 ($19.73) price target on shares of Sse Plc in a research note on Thursday, May 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,650 ($21.42) price target on shares of Sse Plc in a research note on Monday, June 5th. HSBC Holdings plc reissued a “hold” rating on shares of Sse Plc in a research note on Wednesday, June 14th. Jefferies Group LLC dropped their price target on Sse Plc from GBX 1,550 ($20.12) to GBX 1,400 ($18.17) and set a “hold” rating on the stock in a research note on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 1,522 ($19.76) price target on shares of Sse Plc in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,542.50 ($20.02).
Shares of Sse Plc (LON SSE) traded up 0.07% on Friday, reaching GBX 1437.00. The company’s stock had a trading volume of 3,401,165 shares. The company’s market cap is GBX 14.55 billion. Sse Plc has a 52-week low of GBX 1,372.49 and a 52-week high of GBX 1,612.00. The company has a 50 day moving average price of GBX 1,436.00 and a 200 day moving average price of GBX 1,476.57.
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In related news, insider Gregor Alexander sold 15,418 shares of Sse Plc stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 1,501 ($19.49), for a total transaction of £231,424.18 ($300,433.83). Insiders have purchased 31 shares of company stock valued at $44,942 in the last quarter.
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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