Sse Plc (SSE) Given Consensus Rating of “Buy” by Analysts
Shares of Sse Plc (LON:SSE) have been assigned an average recommendation of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,535.31 ($21.53).
A number of equities analysts have weighed in on SSE shares. Morgan Stanley restated an “overweight” rating and issued a GBX 1,670 ($23.42) target price on shares of SSE in a research note on Monday, January 22nd. Deutsche Bank reiterated a “sell” rating and issued a GBX 1,300 ($18.23) price objective on shares of SSE in a report on Friday, November 3rd. Jefferies Group upgraded SSE to a “buy” rating and upped their price objective for the stock from GBX 1,400 ($19.63) to GBX 1,700 ($23.84) in a report on Tuesday, November 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,540 ($21.59) price objective on shares of SSE in a report on Thursday, October 26th. Finally, Berenberg Bank cut their price objective on SSE from GBX 1,650 ($23.14) to GBX 1,600 ($22.43) and set a “buy” rating for the company in a report on Thursday, November 23rd.
Shares of SSE (SSE) traded down GBX 16 ($0.22) during midday trading on Tuesday, reaching GBX 1,189.50 ($16.68). The company’s stock had a trading volume of 4,815,091 shares, compared to its average volume of 3,770,000. The company has a market cap of $12,070.00 and a price-to-earnings ratio of 881.11. SSE has a fifty-two week low of GBX 1,182 ($16.57) and a fifty-two week high of GBX 1,554 ($21.79).
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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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