Sse Plc (LON:SSE) has earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 1,350.38 ($17.65).
Several analysts recently commented on the stock. Deutsche Bank raised shares of SSE to a “buy” rating and increased their target price for the company from GBX 1,200 ($15.68) to GBX 1,250 ($16.33) in a research note on Wednesday, September 19th. Citigroup reissued a “neutral” rating and set a GBX 1,203 ($15.72) target price on shares of SSE in a research note on Thursday, September 13th. Royal Bank of Canada set a GBX 1,350 ($17.64) price target on shares of SSE and gave the company a “neutral” rating in a report on Wednesday, September 12th. JPMorgan Chase & Co. cut their price target on shares of SSE from GBX 1,450 ($18.95) to GBX 1,230 ($16.07) and set a “neutral” rating on the stock in a report on Wednesday, November 14th. Finally, UBS Group restated a “buy” rating on shares of SSE in a report on Monday, November 19th.
SSE stock traded up GBX 17 ($0.22) on Monday, hitting GBX 1,089 ($14.23). 3,839,894 shares of the company’s stock traded hands, compared to its average volume of 4,270,000. SSE has a 1-year low of GBX 1,176.50 ($15.37) and a 1-year high of GBX 1,554 ($20.31).
SSE (LON:SSE) last released its earnings results on Wednesday, November 14th. The company reported GBX 19.60 ($0.26) EPS for the quarter, beating the consensus estimate of GBX 13.40 ($0.18) by GBX 6.20 ($0.08).
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, January 17th. This represents a dividend yield of 2.59%.
In other news, insider Peter Lynas purchased 3,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of GBX 1,117 ($14.60) per share, for a total transaction 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.
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