SSE (LON:SSE) had its price objective cut by research analysts at Deutsche Bank from GBX 1,250 ($17.27) to GBX 1,150 ($15.89) in a report released on Thursday. The brokerage presently has a “sell” rating on the stock. Deutsche Bank’s price objective would suggest a potential downside of 8.51% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on SSE. Credit Suisse Group reaffirmed a “restricted” rating on shares of SSE in a research report on Wednesday, February 28th. Citigroup reaffirmed a “neutral” rating and issued a GBX 1,388 ($19.18) price target on shares of SSE in a research report on Wednesday, November 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,540 ($21.28) price target on shares of SSE in a research report on Wednesday, November 8th. Berenberg Bank lowered their price target on shares of SSE from GBX 1,650 ($22.80) to GBX 1,600 ($22.11) and set a “buy” rating for the company in a research report on Thursday, November 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,550 ($21.41) price target on shares of SSE in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 1,525.64 ($21.08).
Shares of SSE (LON SSE) opened at GBX 1,257 ($17.37) on Thursday. SSE has a 52-week low of GBX 1,176.50 ($16.25) and a 52-week high of GBX 1,554 ($21.47). The firm has a market cap of $12,750.00 and a P/E ratio of 931.11.
TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/10/deutsche-bank-cuts-sse-sse-price-target-to-gbx-1150.html.
SSE 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.
Receive News & Ratings for SSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE and related companies with MarketBeat.com's FREE daily email newsletter.