SSE (LON:SSE)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a report released on Thursday, Analyst Ratings Network reports. They currently have a GBX 1,570 ($23.96) price objective on the stock. Berenberg Bank’s price objective suggests a potential downside of 2.18% from the company’s current price.
A number of other analysts have also recently weighed in on SSE. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SSE in a research note to investors on Friday, July 19th. They now have a GBX 1,220 ($18.62) price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of SSE in a research note to investors on Tuesday, July 16th. They now have a GBX 1,810 ($27.63) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of SSE in a research note to investors on Monday, July 15th. They now have a GBX 1,800 ($27.47) price target on the stock.
Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,485.67 ($22.68).
Shares of SSE (LON: SSE) traded up 0.06% during mid-day trading on Thursday, hitting GBX 1606.00. SSE has a one year low of GBX 1287.00 and a one year high of GBX 1690.00. The stock’s 50-day moving average is currently GBX 1395.. The company’s market cap is £15.395 billion.
SSE plc, formerly Scottish and Southern Energy plc, is a holding company. The Company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.