Sell SSE due to risk of political intervention - Deutsche Bank
SSE
1,711.50p
15:15 19/11/24
-0.12%
-2.00p
Ahead of interim results from SSE next week, Deutsche Bank took a dim view of the shares due to the the market's concerns about further political intervention in the UK energy sector.
Electricity
10,547.52
15:15 19/11/24
-0.19%
-20.44
FTSE 100
8,078.78
15:15 19/11/24
n/a
n/a
FTSE 350
4,457.55
15:15 19/11/24
n/a
n/a
FTSE All-Share
4,415.34
15:15 19/11/24
n/a
n/a
Deutsche reiterated its 'sell' rating on SSE and its 1,300p price target.
At results on 8 November analysts said: "We believe investors will continue to focus on the impact of the pending retail price cap and risk of more extensive political intervention in the UK energy sector."