SSE (LON:SSE) had its price target lowered by Deutsche Bank from GBX 1,250 ($17.27) to GBX 1,150 ($15.89) in a research note issued to investors on Thursday. Deutsche Bank currently has a sell rating on the stock.
Several other brokerages have also recently weighed in on SSE. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 1,450 ($20.03) price target on shares of SSE in a research report on Thursday, February 1st. Citigroup reissued a neutral rating and set a GBX 1,388 ($19.18) price target on shares of SSE in a research report on Wednesday, November 8th. Royal Bank of Canada reissued an outperform rating and set a GBX 1,550 ($21.41) price target on shares of SSE in a research report on Tuesday, November 28th. Morgan Stanley reissued an overweight rating and set a GBX 1,670 ($23.07) price target on shares of SSE in a research report on Monday, January 22nd. Finally, Barclays reissued an overweight rating and set a GBX 1,665 ($23.00) price target on shares of SSE in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 1,525.64 ($21.08).
SSE (LON:SSE) opened at GBX 1,257 ($17.37) on Thursday. SSE has a twelve month low of GBX 1,176.50 ($16.25) and a twelve month high of GBX 1,554 ($21.47). The company has a market cap of $12,750.00 and a price-to-earnings ratio of 931.11.
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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