SSE (SSE) PT Set at GBX 1,350 by Royal Bank of Canada

Royal Bank of Canada set a GBX 1,350 ($17.58) price target on SSE (LON:SSE) in a report issued on Wednesday. The brokerage currently has a neutral rating on the stock.

SSE has been the subject of a number of other reports. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 1,350 ($17.58) price target on shares of SSE in a research report on Wednesday, June 27th. Berenberg Bank reduced their price target on shares of 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. Deutsche Bank reissued a sell rating on shares of SSE in a research report on Tuesday, May 29th. Deutsche Bank reissued a sell rating on shares of SSE in a research report on Thursday, June 28th. Finally, Jefferies Financial Group began coverage on shares of SSE in a research report on Tuesday, June 12th. They set a buy rating and a GBX 1,500 ($19.54) price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. SSE has a consensus rating of Hold and an average target price of GBX 1,416.08 ($18.45).

SSE opened at GBX 1,084 ($14.12) on Wednesday. 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 SSE stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of GBX 1,353 ($17.62), for a total transaction of £138,208.95 ($180,029.89).

About SSE

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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