Sse Plc (LON:SSE) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,417.55 ($18.46).
SSE has been the topic of several research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,350 ($17.58) price objective on shares of SSE in a research note on Wednesday, June 27th. Berenberg Bank dropped their price objective on SSE from GBX 1,600 ($20.84) to GBX 1,470 ($19.15) and set a “buy” rating on the stock in a research note on Wednesday, July 18th. Royal Bank of Canada set a GBX 1,350 ($17.58) price objective on SSE and gave the company a “neutral” rating in a research note on Wednesday, September 12th. Deutsche Bank restated a “sell” rating on shares of SSE in a research note on Tuesday, May 29th. Finally, Deutsche Bank reiterated a “sell” rating on shares of SSE in a research note on Thursday, June 28th.
In other SSE news, insider Gregor Alexander sold 10,215 shares of the firm’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of GBX 1,353 ($17.62), for a total transaction of £138,208.95 ($180,029.89).
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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