Zacks Investment Research upgraded shares of Sse Plc (OTCMKTS:SSEZY) from a hold rating to a buy rating in a research report report published on Wednesday morning. The brokerage currently has $22.00 price objective on the stock.
According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “
A number of other equities analysts also recently commented on SSEZY. Sanford C. Bernstein upgraded Sse Plc from an underperform rating to a market perform rating in a research note on Wednesday, September 7th. Goldman Sachs Group Inc. began coverage on Sse Plc in a research note on Wednesday, September 7th. They issued a neutral rating for the company. Berenberg Bank reiterated a hold rating on shares of Sse Plc in a research note on Tuesday, June 14th. Citigroup Inc. upgraded Sse Plc from a sell rating to a neutral rating in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. downgraded Sse Plc from an overweight rating to a neutral rating in a research note on Friday, July 22nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sse Plc currently has a consensus rating of Hold and a consensus target price of $22.00.
Sse Plc (OTCMKTS:SSEZY) opened at 19.835 on Wednesday. The stock’s 50 day moving average price is $20.05 and its 200-day moving average price is $21.11. The stock has a market capitalization of $19.93 billion, a P/E ratio of 32.839 and a beta of 0.71. Sse Plc has a 52 week low of $17.95 and a 52 week high of $24.45.
Sse Plc Company Profile
SSE plc is a United Kingdom-based company engaged in the generation, transmission, distribution and supply of electricity; in the production, storage, distribution and supply of gas, and in other energy-related services. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.