Sse Plc’s (SSE) Sell Rating Reaffirmed at Societe Generale
Societe Generale reissued their sell rating on shares of Sse Plc (LON:SSE) in a research report released on Thursday morning. The brokerage currently has a GBX 1,320 ($17.23) price objective on the stock.
Other analysts have also recently issued reports about the company. Berenberg Bank reissued a hold rating on shares of Sse Plc in a research note on Tuesday, June 14th. Deutsche Bank AG increased their target price on Sse Plc from GBX 1,400 ($18.27) to GBX 1,470 ($19.19) and gave the stock a hold rating in a research note on Monday, September 12th. Jefferies Group lowered their target price on Sse Plc from GBX 1,600 ($20.89) to GBX 1,550 ($20.23) and set a hold rating for the company in a research note on Thursday, September 22nd. JPMorgan Chase & Co. lowered their target price on Sse Plc from GBX 1,625 ($21.21) to GBX 1,600 ($20.89) and set a neutral rating for the company in a research note on Thursday, September 15th. Finally, Barclays PLC reissued an overweight rating and set a GBX 1,675 ($21.86) target price on shares of Sse Plc in a research note on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,521.56 ($19.86).
Sse Plc (LON:SSE) opened at 1568.00 on Thursday. The stock’s market cap is GBX 15.75 billion. The company’s 50 day moving average is GBX 1,533.46 and its 200 day moving average is GBX 1,524.97. Sse Plc has a 52 week low of GBX 1,317.00 and a 52 week high of GBX 1,644.00.
Sse Plc Company Profile
SSE plc is a United Kingdom-based company engaged in the generation, transmission, distribution and supply of electricity; in the production, storage, distribution and supply of gas, and in other energy-related services. 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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