Sse Plc (SSE) Receives Average Recommendation of “Hold” from Brokerages
Shares of Sse Plc (LON:SSE) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,537.33 ($19.85).
SSE has been the topic of several recent analyst reports. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 1,540 ($19.89) target price on shares of Sse Plc in a report on Tuesday, May 16th. Investec restated a “buy” rating and issued a GBX 1,520 ($19.63) target price on shares of Sse Plc in a report on Thursday, May 18th. Deutsche Bank AG restated a “sell” rating and issued a GBX 1,300 ($16.79) target price on shares of Sse Plc in a report on Thursday, May 18th. Goldman Sachs Group, Inc. (The) cut their target price on shares of Sse Plc from GBX 1,528 ($19.73) to GBX 1,522 ($19.66) and set a “neutral” rating on the stock in a report on Thursday, May 18th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 1,700 ($21.96) target price on shares of Sse Plc in a report on Thursday, May 18th.
In other Sse Plc news, insider Gregor Alexander sold 15,418 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 1,501 ($19.39), for a total transaction of £231,424.18 ($298,881.80). Insiders have acquired 30 shares of company stock valued at $42,883 in the last three months.
Sse Plc (LON:SSE) opened at 1440.00 on Friday. The stock has a 50 day moving average of GBX 1,418.65 and a 200-day moving average of GBX 1,467.59. Sse Plc has a 12 month low of GBX 1,372.49 and a 12 month high of GBX 1,612.00. The firm’s market cap is GBX 14.58 billion.
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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