Sse Plc (LON:SSE)‘s stock had its “buy” rating reissued by HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 1,530 ($20.12) price objective on the stock. HSBC Holdings plc’s target price would suggest a potential upside of 12.50% from the company’s current price.
Other analysts also recently issued reports about the company. Deutsche Bank AG reiterated a “sell” rating and set a GBX 1,300 ($17.10) target price on shares of Sse Plc in a research report on Friday, August 18th. Citigroup Inc. reiterated a “neutral” rating and set a GBX 1,388 ($18.26) target price on shares of Sse Plc in a research report on Wednesday. Credit Suisse Group upgraded Sse Plc to an “outperform” rating and set a GBX 1,500 ($19.73) target price for the company in a research report on Monday, August 14th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,665 ($21.90) target price on shares of Sse Plc in a research report on Wednesday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,540 ($20.26) target price on shares of Sse Plc in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 1,531.43 ($20.14).
Shares of Sse Plc (SSE) opened at GBX 1,360 ($17.89) on Friday. Sse Plc has a 1 year low of GBX 1,341 ($17.64) and a 1 year high of GBX 1,578 ($20.75).
Sse Plc (LON:SSE) last released its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 30.30 ($0.40) by GBX 0.90 ($0.01). The firm had revenue of GBX 1,218.41 billion during the quarter. Sse Plc had a return on equity of 40.09% and a net margin of 6.57%.
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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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