Deutsche Bank AG Reiterates “Sell” Rating for Sse Plc (LON:SSE)
Sse Plc (LON:SSE)‘s stock had its “sell” rating reissued by research analysts at Deutsche Bank AG in a report released on Monday. They presently have a GBX 1,300 ($16.94) target price on the stock. Deutsche Bank AG’s target price points to a potential downside of 10.78% from the company’s previous close.
Several other analysts have also issued reports on SSE. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 1,540 ($20.06) price objective on shares of Sse Plc in a report on Friday, March 31st. BNP Paribas restated an “outperform” rating and issued a GBX 1,700 ($22.15) price objective on shares of Sse Plc in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Sse Plc from GBX 1,528 ($19.91) to GBX 1,522 ($19.83) and set a “neutral” rating on the stock in a report on Thursday, May 18th. Jefferies Group LLC reduced their price objective on shares of Sse Plc from GBX 1,550 ($20.19) to GBX 1,400 ($18.24) and set a “hold” rating on the stock in a report on Friday, May 5th. Finally, Barclays PLC boosted their price target on shares of Sse Plc from GBX 1,595 ($20.78) to GBX 1,685 ($21.95) and gave the stock an “overweight” rating in a research note on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Sse Plc currently has an average rating of “Hold” and a consensus price target of GBX 1,547.31 ($20.16).
Sse Plc (LON SSE) opened at 1464.00 on Monday. The company’s market capitalization is GBX 14.83 billion. The stock has a 50 day moving average of GBX 1,479.38 and a 200-day moving average of GBX 1,491.92. Sse Plc has a 12-month low of GBX 1,378.00 and a 12-month high of GBX 1,644.00.
In other news, insider Gregor Alexander sold 15,418 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 1,501 ($19.55), for a total transaction of £231,424.18 ($301,490.59). Over the last three months, insiders have bought 31 shares of company stock valued at $44,922.
Sse Plc Company Profile
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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