Deutsche Bank Reiterates “Sell” Rating for SSE (SSE)
SSE (LON:SSE)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank in a research report issued on Friday. They presently have a GBX 1,250 ($16.95) target price on the stock. Deutsche Bank’s target price points to a potential downside of 5.37% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. reduced their target price on shares of SSE from GBX 1,590 ($21.56) to GBX 1,530 ($20.75) and set a “buy” rating on the stock in a research note on Thursday, October 5th. Jefferies Group raised shares of SSE to a “buy” rating and increased their target price for the company from GBX 1,400 ($18.99) to GBX 1,700 ($23.05) in a research note on Tuesday, November 21st. Berenberg Bank reduced their target price on shares of SSE from GBX 1,650 ($22.38) to GBX 1,600 ($21.70) and set a “buy” rating on the stock in a research note on Thursday, November 23rd. Citigroup reissued a “neutral” rating and issued a GBX 1,388 ($18.82) target price on shares of SSE in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,540 ($20.88) target price on shares of SSE in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. SSE presently has a consensus rating of “Buy” and an average target price of GBX 1,534.93 ($20.82).
SSE (LON:SSE) traded up GBX 3 ($0.04) during mid-day trading on Friday, reaching GBX 1,321 ($17.91). 9,432,667 shares of the company’s stock traded hands, compared to its average volume of 3,310,000. SSE has a fifty-two week low of GBX 1,272.97 ($17.26) and a fifty-two week high of GBX 1,570 ($21.29). The company has a market capitalization of $13,400.00 and a price-to-earnings ratio of 978.52.
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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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