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Home / Momentum / SSE (SSE.L) 10-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

SSE (SSE.L) 10-02-20

SSE (SSE.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

 

  • Now trading at 1594p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -0% from 12-month highs; +58% from 12 month lows.

Latest News

03 Feb:  Jefferies International reiterates its buy rating on SSE (SSE) and increased the target price to 1700p (from 1320p).

03 Feb:  Barclays Capital has upgraded its rating on SSE (SSE) up to overweight (from equal weight) and increased the target price to 1650p (from 1300p).

03 Feb:  Deutsche Bank reiterates its hold rating on SSE (SSE) and increased the target price to 1500p (from 1400p).

31 Jan:  SSE, the utility provider, announced that its renewable energy operations were behind schedule, though its annual earnings guidance was left unchanged.

20 Jan:  Gregor Alexander, Financial Director, exercised 2,213 shares within the firm on the 17th January 2020 at a price of 1247p. This Director currently has 208,768 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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