A number of other brokerages have also weighed in on SSE. Deutsche Bank reaffirmed a sell rating on shares of SSE in a research report on Friday, May 18th. Deutsche Bank reaffirmed a sell rating on shares of SSE in a research report on Friday, May 18th. Berenberg Bank reduced their price target on SSE from GBX 1,600 ($20.84) to GBX 1,470 ($19.15) and set a buy rating for the company in a research report on Wednesday, July 18th. Jefferies Financial Group initiated coverage on SSE in a research report on Tuesday, June 12th. They issued a buy rating and a GBX 1,500 ($19.54) price target for the company. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 1,350 ($17.58) price target on shares of SSE in a research report on Wednesday, June 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. SSE presently has a consensus rating of Hold and an average target price of GBX 1,416.08 ($18.45).
LON SSE traded down GBX 37 ($0.48) on Thursday, reaching GBX 1,083 ($14.11). 2,843,750 shares of the stock traded hands, compared to its average volume of 4,270,000. SSE has a 12 month low of GBX 1,176.50 ($15.32) and a 12 month high of GBX 1,554 ($20.24).
In other news, insider Gregor Alexander sold 10,215 shares of the business’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 value of £138,208.95 ($180,029.89).
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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