Sse Plc (SSE) Rating Reiterated by HSBC Holdings plc

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%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/11/12/sse-plc-sse-rating-reiterated-by-hsbc-holdings-plc.html.

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.

Analyst Recommendations for Sse Plc (LON:SSE)

Receive News & Ratings for Sse Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sse Plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply