SSE PLC (SSEZY) Upgraded by Zacks Investment Research to Hold
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 brokerages also recently commented on SSEZY. Barclays PLC reaffirmed an overweight rating on shares of SSE PLC in a research report on Sunday, August 21st. Sanford C. Bernstein raised shares of SSE PLC from an underperform rating to a market perform rating in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. initiated coverage on shares of SSE PLC in a research report on Wednesday, September 7th. They issued a neutral rating for the company. JPMorgan Chase & Co. downgraded shares of SSE PLC from an overweight rating to a neutral rating in a research report on Friday, July 22nd. Finally, Citigroup Inc. raised shares of SSE PLC from a sell rating to a neutral rating in a research report on Wednesday, August 3rd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SSE PLC has an average rating of Hold and an average target price of $22.00.
SSE PLC (OTCMKTS:SSEZY) traded down 1.51% during mid-day trading on Thursday, reaching $17.73. 6,899 shares of the company’s stock traded hands. The stock has a market cap of $17.81 billion, a P/E ratio of 31.66 and a beta of 0.72. SSE PLC has a 12 month low of $17.73 and a 12 month high of $23.35. The company has a 50 day moving average price of $19.11 and a 200-day moving average price of $20.47.
About SSE PLC
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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