Sse Plc (SSEZY) Cut to Sell at Zacks Investment Research
Sse Plc (NASDAQ:SSEZY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.
According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “
Shares of Sse Plc (SSEZY) traded up 0.94% during mid-day trading on Thursday, hitting $19.29. 40,819 shares of the company were exchanged. The stock’s 50-day moving average price is $18.66 and its 200 day moving average price is $19.00. Sse Plc has a 12-month low of $17.66 and a 12-month high of $20.62. The stock has a market cap of $19.53 billion and a PE ratio of 9.43.
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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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