Sse Plc (SSE) Trading Down 0.9%
Sse Plc (LON:SSE) shares traded down 0.9% on Tuesday . The stock traded as low as GBX 1,407 ($18.66) and last traded at GBX 1,412 ($18.73). 2,408,438 shares were traded during trading, a decline of 29% from the average session volume of 3,383,850 shares. The stock had previously closed at GBX 1,425 ($18.90).
SSE has been the subject of several analyst reports. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,500 ($19.90) price objective on shares of Sse Plc in a research note on Friday, September 22nd. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 1,300 ($17.24) target price on shares of Sse Plc in a report on Wednesday, September 6th. Morgan Stanley decreased their price target on Sse Plc from GBX 1,725 ($22.88) to GBX 1,700 ($22.55) and set an “overweight” rating for the company in a research report on Monday, August 7th. Royal Bank Of Canada decreased their price target on Sse Plc from GBX 1,750 ($23.21) to GBX 1,550 ($20.56) and set an “outperform” rating for the company in a research report on Monday, July 31st. Finally, Citigroup Inc. raised Sse Plc to a “neutral” rating and set a GBX 1,388 ($18.41) price objective on the stock in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,542 ($20.45).
The firm’s market capitalization is GBX 14.30 billion. The stock’s 50 day moving average price is GBX 1,419.43 and its 200 day moving average price is GBX 1,453.09.
About Sse Plc
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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