SSE PLC (SSEZY) Rating Lowered to Sell at Zacks Investment Research
SSE PLC (OTCMKTS:SSEZY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
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. “
Several other equities analysts also recently commented on the company. Barclays PLC restated an “overweight” rating on shares of SSE PLC in a research report on Sunday, August 21st. Bank of America Corp. upgraded SSE PLC from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. began coverage on SSE PLC in a research report on Wednesday, September 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. downgraded SSE PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, July 22nd. Finally, Citigroup Inc. upgraded SSE PLC from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.00.
Shares of SSE PLC (OTCMKTS:SSEZY) opened at 18.67 on Wednesday. SSE PLC has a 12 month low of $17.95 and a 12 month high of $23.35. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.
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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