Sse Plc (LON:SSE) Receives GBX 1,247.36 Consensus Price Target from Brokerages

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Sse Plc (LON:SSE) has been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,247.36 ($16.30).

SSE has been the subject of a number of research reports. Goldman Sachs Group lowered their target price on SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a “buy” rating for the company in a research note on Thursday, June 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,370 ($17.90) target price on shares of SSE in a research note on Thursday, May 30th. Morgan Stanley initiated coverage on SSE in a research note on Wednesday, April 17th. They set an “equal weight” rating and a GBX 1,255 ($16.40) target price for the company. Deutsche Bank reissued a “hold” rating on shares of SSE in a research note on Tuesday, May 14th. Finally, HSBC reissued a “hold” rating and set a GBX 1,150 ($15.03) target price (down from GBX 1,250 ($16.33)) on shares of SSE in a research note on Monday, May 20th.

LON SSE traded down GBX 6 ($0.08) during trading hours on Friday, reaching GBX 1,116 ($14.58). 1,828,893 shares of the company’s stock were exchanged, compared to its average volume of 4,270,000. The business’s 50-day moving average price is GBX 1,089.50. SSE has a one year low of GBX 997.80 ($13.04) and a one year high of GBX 1,405 ($18.36). The company has a debt-to-equity ratio of 167.40, a current ratio of 1.03 and a quick ratio of 0.41. The firm has a market capitalization of $11.52 billion and a P/E ratio of 8.09.

The company also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 68.20 ($0.89) per share. The ex-dividend date is Thursday, July 25th. This represents a yield of 6.65%. This is an increase from SSE’s previous dividend of $29.30. SSE’s dividend payout ratio is 0.70%.

In other news, insider Crawford S. Gillies purchased 1,950 shares of SSE stock in a transaction on Wednesday, June 19th. The stock was purchased at an average price of GBX 1,119 ($14.62) per share, with a total value of £21,820.50 ($28,512.35).

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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Analyst Recommendations for SSE (LON:SSE)

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