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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