SSE (SSE) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of SSE (LON:SSE) in a research report sent to investors on Monday, November 12th. They currently have a GBX 1,250 ($16.33) target price on the stock.

Several other research firms have also recently issued reports on SSE. Berenberg Bank decreased their target price on shares of SSE from GBX 1,600 ($20.91) to GBX 1,470 ($19.21) and set a buy rating for the company in a research note on Wednesday, July 18th. Royal Bank of Canada set a GBX 1,350 ($17.64) price target on shares of SSE and gave the stock a neutral rating in a report on Wednesday, September 12th. Citigroup reissued a neutral rating and issued a GBX 1,203 ($15.72) price target on shares of SSE in a report on Thursday, September 13th. Finally, HSBC lowered shares of SSE to a hold rating and cut their price target for the stock from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a report on Friday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. SSE currently has an average rating of Hold and an average price target of GBX 1,350.38 ($17.65).

Shares of SSE traded up GBX 17 ($0.22) during trading hours on Monday, hitting GBX 1,089 ($14.23). The stock had a trading volume of 3,839,894 shares, compared to its average volume of 4,270,000. SSE has a fifty-two week low of GBX 1,176.50 ($15.37) and a fifty-two week high of GBX 1,554 ($20.31).

SSE (LON:SSE) last posted its earnings results on Wednesday, November 14th. The company reported GBX 19.60 ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 13.40 ($0.18) by GBX 6.20 ($0.08).

The firm also recently announced a dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, January 17th will be issued a dividend of GBX 29.30 ($0.38) per share. This represents a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, January 17th.

In other SSE news, insider Peter Lynas bought 3,000 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was acquired at an average price of GBX 1,117 ($14.60) per share, with a total value of £33,510 ($43,786.75).

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

Further Reading: When is a capital gain realized?

Analyst Recommendations for SSE (LON:SSE)

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