Sse Plc (SSE) Earns Sell Rating from Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of Sse Plc (LON:SSE) in a research report report published on Friday. Deutsche Bank AG currently has a GBX 1,300 ($16.88) target price on the stock.
SSE has been the subject of several other research reports. Investec reaffirmed a buy rating and set a GBX 1,520 ($19.73) price target on shares of Sse Plc in a research report on Thursday, May 18th. Morgan Stanley dropped their price target on shares of Sse Plc from GBX 1,725 ($22.39) to GBX 1,700 ($22.07) and set an overweight rating for the company in a research report on Monday, August 7th. Barclays PLC upped their price target on shares of Sse Plc from GBX 1,595 ($20.71) to GBX 1,685 ($21.87) and gave the stock an overweight rating in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a GBX 1,528 ($19.84) price target on shares of Sse Plc in a research report on Tuesday, May 9th. Finally, Citigroup Inc. reaffirmed a sell rating and set a GBX 1,315 ($17.07) price target on shares of Sse Plc in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 1,542.50 ($20.02).
Shares of Sse Plc (LON SSE) opened at 1437.00 on Friday. The company has a 50-day moving average of GBX 1,436.00 and a 200 day moving average of GBX 1,476.57. The firm’s market cap is GBX 14.55 billion. Sse Plc has a 12-month low of GBX 1,373.00 and a 12-month high of GBX 1,612.00.
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In other news, insider Gregor Alexander sold 15,418 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 1,501 ($19.49), for a total value of £231,424.18 ($300,433.83). Insiders bought 31 shares of company stock valued at $44,942 over the last 90 days.
About Sse Plc
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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