Shares of Sse Plc (LON:SSE) traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 1,428 ($18.44) and last traded at GBX 1,428 ($18.44). 2,107,996 shares changed hands during trading, a decline of 35% from the average session volume of 3,234,600 shares. The stock had previously closed at GBX 1,438 ($18.57).
Several analysts have issued reports on the stock. Deutsche Bank AG restated a “sell” rating and set a GBX 1,300 ($16.79) price target on shares of Sse Plc in a research report on Friday, August 25th. Investec restated a “buy” rating and set a GBX 1,520 ($19.63) price target on shares of Sse Plc in a research report on Thursday, May 18th. Morgan Stanley cut their price target on shares of Sse Plc from GBX 1,725 ($22.28) to GBX 1,700 ($21.96) and set an “overweight” rating for the company in a research report on Monday, August 7th. Barclays PLC upped their price target on shares of Sse Plc from GBX 1,595 ($20.60) to GBX 1,685 ($21.76) and gave the company an “overweight” rating in a research report on Monday, June 12th. Finally, Citigroup Inc. restated a “sell” rating and set a GBX 1,315 ($16.98) price target on shares of Sse Plc in a research report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,542.50 ($19.92).
The stock has a 50-day moving average price of GBX 1,416.38 and a 200-day moving average price of GBX 1,465.13. The company’s market capitalization is GBX 14.46 billion.
In related news, insider Gregor Alexander sold 15,418 shares of Sse Plc stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 1,501 ($19.39), for a total transaction of £231,424.18 ($298,881.80). Insiders have purchased a total of 30 shares of company stock valued at $42,883 in the last quarter.
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Sse Plc 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.
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