HSBC Holdings plc reaffirmed their buy rating on shares of Sse Plc (LON:SSE) in a research report released on Friday morning. The brokerage currently has a GBX 1,530 ($20.12) price target on the stock.
A number of other analysts have also recently issued reports on the stock. BNP Paribas reiterated an outperform rating and issued a GBX 1,700 ($22.35) target price on shares of Sse Plc in a research note on Friday, July 21st. Citigroup Inc. upgraded shares of Sse Plc to a neutral rating and set a GBX 1,388 ($18.25) target price for the company in a research note on Friday, July 28th. Deutsche Bank AG reiterated a sell rating and issued a GBX 1,300 ($17.09) target price on shares of Sse Plc in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 1,522 ($20.01) target price on shares of Sse Plc in a research note on Thursday, June 22nd. Finally, Morgan Stanley reduced their target price on shares of Sse Plc from GBX 1,725 ($22.68) to GBX 1,700 ($22.35) and set an overweight rating for the company in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 1,536 ($20.19).
Shares of Sse Plc (SSE) opened at 1381.697 on Friday. The firm’s market cap is GBX 13.99 billion. Sse Plc has a 52-week low of GBX 1,341.00 and a 52-week high of GBX 1,612.00. The stock has a 50 day moving average of GBX 1,408.43 and a 200 day moving average of GBX 1,446.16.
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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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