SSE (SSE) Given New GBX 1,250 Price Target at Deutsche Bank
SSE (LON:SSE) had its price target decreased by research analysts at Deutsche Bank from GBX 1,300 ($17.50) to GBX 1,250 ($16.82) in a note issued to investors on Wednesday. The firm presently has a “sell” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 5.62% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. Citigroup restated a “neutral” rating and set a GBX 1,327 ($17.86) price target on shares of SSE in a report on Friday, December 1st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,550 ($20.86) price target on shares of SSE in a report on Tuesday, November 28th. Berenberg Bank cut their price target on SSE from GBX 1,650 ($22.21) to GBX 1,600 ($21.53) and set a “buy” rating on the stock in a report on Thursday, November 23rd. Jefferies Group upgraded SSE to a “buy” rating and upped their price target for the stock from GBX 1,400 ($18.84) to GBX 1,700 ($22.88) in a report on Tuesday, November 21st. Finally, restated a “buy” rating and set a GBX 1,530 ($20.59) price target on shares of SSE in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. SSE currently has a consensus rating of “Buy” and an average target price of GBX 1,534.93 ($20.66).
SSE (LON:SSE) traded down GBX 2.53 ($0.03) during mid-day trading on Wednesday, hitting GBX 1,324.47 ($17.83). The company had a trading volume of 2,645,134 shares, compared to its average volume of 4,030,000. SSE has a 52-week low of GBX 1,309 ($17.62) and a 52-week high of GBX 1,578 ($21.24).
WARNING: “SSE (SSE) Given New GBX 1,250 Price Target at Deutsche Bank” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/10/sse-sse-given-new-gbx-1250-price-target-at-deutsche-bank.html.
SSE Company Profile
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.
Receive News & Ratings for SSE plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE plc and related companies with MarketBeat.com's FREE daily email newsletter.