Morgan Stanley Lowers Sse Plc (SSE) Price Target to GBX 1,700

Sse Plc (LON:SSE) had its target price decreased by Morgan Stanley from GBX 1,725 ($22.39) to GBX 1,700 ($22.07) in a research note issued to investors on Monday, August 7th, MarketBeat.com reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 1,300 ($16.88) price objective on shares of Sse Plc in a report on Friday, June 23rd. Investec reaffirmed a buy rating and issued a GBX 1,520 ($19.73) price objective on shares of Sse Plc in a report on Thursday, May 18th. Barclays PLC lifted their price objective on Sse Plc from GBX 1,595 ($20.71) to GBX 1,685 ($21.87) and gave the company an overweight rating in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a GBX 1,528 ($19.84) price objective on shares of Sse Plc in a report on Tuesday, May 9th. Finally, Citigroup Inc. reaffirmed a sell rating and issued a GBX 1,315 ($17.07) price objective on shares of Sse Plc in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 1,542.50 ($20.02).

Shares of Sse Plc (SSE) opened at 1437.00 on Monday. The firm’s market capitalization is GBX 14.55 billion. The firm’s 50 day moving average is GBX 1,436.00 and its 200 day moving average is GBX 1,476.57. Sse Plc has a 1-year low of GBX 1,373.00 and a 1-year high of GBX 1,612.00.

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In related news, insider Gregor Alexander sold 15,418 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 1,501 ($19.49), for a total transaction of £231,424.18 ($300,433.83). Over the last ninety days, insiders have purchased 31 shares of company stock worth $44,942.

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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