SSE (SSE) Earns Neutral Rating from Citigroup
Several other equities research analysts have also recently commented on the company. Deutsche Bank restated a sell rating on shares of SSE in a research note on Thursday. Royal Bank of Canada set a GBX 1,350 ($17.58) price target on SSE and gave the stock a neutral rating in a research note on Wednesday. Berenberg Bank cut their price target on SSE from GBX 1,600 ($20.84) to GBX 1,470 ($19.15) and set a buy rating for the company in a research note on Wednesday, July 18th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 1,350 ($17.58) price target on shares of SSE in a research note on Wednesday, June 27th. Finally, Jefferies Financial Group began coverage on SSE in a research report on Tuesday, June 12th. They issued a buy rating and a GBX 1,500 ($19.54) price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 1,416.08 ($18.45).
SSE stock opened at GBX 1,084 ($14.12) on Thursday. SSE has a 12 month low of GBX 1,176.50 ($15.32) and a 12 month high of GBX 1,554 ($20.24).
SSE Company Profile
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
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