Sse Plc (LON:SSE) rose 2.5% on Thursday . The company traded as high as GBX 1,414 ($18.59) and last traded at GBX 1,408 ($18.51). Approximately 4,243,377 shares traded hands during trading, an increase of 18% from the average daily volume of 3,590,540 shares. The stock had previously closed at GBX 1,374 ($18.06).
SSE has been the topic of a number of recent analyst reports. Deutsche Bank AG restated a “sell” rating and set a GBX 1,300 ($17.09) price objective on shares of Sse Plc in a research note on Monday, July 24th. Morgan Stanley cut their price objective on Sse Plc from GBX 1,725 ($22.68) to GBX 1,700 ($22.35) and set an “overweight” rating on the stock in a report on Monday, August 7th. Credit Suisse Group restated an “outperform” rating and set a GBX 1,500 ($19.72) price objective on shares of Sse Plc in a report on Friday, September 22nd. BNP Paribas restated an “outperform” rating and set a GBX 1,700 ($22.35) price objective on shares of Sse Plc in a report on Friday, July 21st. Finally, Royal Bank Of Canada cut their price objective on Sse Plc from GBX 1,750 ($23.01) to GBX 1,550 ($20.38) and set an “outperform” rating on the stock in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,536 ($20.19).
The stock has a 50-day moving average of GBX 1,410.03 and a 200-day moving average of GBX 1,447.31. The company’s market capitalization is GBX 14.26 billion.
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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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