Sse Plc (SSE) Earns Buy Rating from HSBC Holdings plc
Sse Plc (LON:SSE)‘s stock had its “buy” rating reissued by stock analysts at HSBC Holdings plc in a research report issued to clients and investors on Friday. They presently have a GBX 1,530 ($20.12) price objective on the stock. HSBC Holdings plc’s price objective suggests a potential upside of 8.66% from the stock’s current price.
Several other equities research analysts have also issued reports on SSE. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 1,522 ($20.01) price target on shares of Sse Plc in a report on Thursday, June 22nd. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 1,300 ($17.09) price target on shares of Sse Plc in a report on Friday, June 23rd. BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,700 ($22.35) price target on shares of Sse Plc in a report on Friday, July 21st. Citigroup Inc. raised shares of Sse Plc to a “neutral” rating and set a GBX 1,388 ($18.25) price target on the stock in a report on Friday, July 28th. Finally, Royal Bank Of Canada decreased their price target on shares of Sse Plc from GBX 1,750 ($23.01) to GBX 1,550 ($20.38) and set an “outperform” rating on the stock in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,536 ($20.19).
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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