Sse Plc’s (SSE) “Outperform” Rating Reiterated at Credit Suisse Group
Sse Plc (LON:SSE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group in a research note issued on Thursday. They currently have a GBX 1,500 ($19.90) price target on the stock. Credit Suisse Group’s target price suggests a potential upside of 9.73% from the stock’s current price.
A number of other research analysts have also recently weighed in on SSE. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 1,300 ($17.24) price target on shares of Sse Plc in a research report on Thursday, June 8th. Barclays PLC boosted their target price on shares of Sse Plc from GBX 1,595 ($21.16) to GBX 1,685 ($22.35) and gave the stock an “overweight” rating in a research report on Monday, June 12th. HSBC Holdings plc reissued a “hold” rating on shares of Sse Plc in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 1,522 ($20.19) target price on shares of Sse Plc in a research report on Thursday, June 22nd. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 1,700 ($22.55) target price on shares of Sse Plc in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,536 ($20.37).
Shares of Sse Plc (LON SSE) opened at 1367.00 on Thursday. The firm’s 50-day moving average is GBX 1,418.61 and its 200-day moving average is GBX 1,452.13. Sse Plc has a 12-month low of GBX 1,341.00 and a 12-month high of GBX 1,612.00. The firm’s market capitalization is GBX 13.84 billion.
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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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