SSE plc (SSE) Price Target Cut to GBX 1,600 by Analysts at Berenberg Bank

SSE plc (LON:SSE) had its target price reduced by Berenberg Bank from GBX 1,650 ($21.70) to GBX 1,600 ($21.04) in a research report report published on Thursday. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on SSE. Citigroup Inc. raised shares of SSE plc to a neutral rating and set a GBX 1,388 ($18.26) price target for the company in a research report on Friday, July 28th. Royal Bank Of Canada decreased their target price on shares of SSE plc from GBX 1,750 ($23.02) to GBX 1,550 ($20.39) and set an outperform rating for the company in a research report on Monday, July 31st. Morgan Stanley decreased their target price on shares of SSE plc from GBX 1,725 ($22.69) to GBX 1,700 ($22.36) and set an overweight rating for the company in a research report on Monday, August 7th. Credit Suisse Group raised shares of SSE plc to an outperform rating and set a GBX 1,500 ($19.73) target price for the company in a research report on Monday, August 14th. Finally, Deutsche Bank AG reissued a sell rating and set a GBX 1,300 ($17.10) target price on shares of SSE plc in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 1,549.29 ($20.38).

SSE plc (LON:SSE) traded down GBX 12 ($0.16) during trading hours on Thursday, reaching GBX 1,346 ($17.70). The company had a trading volume of 1,897,535 shares, compared to its average volume of 3,540,000. SSE plc has a 1 year low of GBX 1,326 ($17.44) and a 1 year high of GBX 1,578 ($20.75).

SSE plc (LON:SSE) last announced its quarterly earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.41) earnings per share for the quarter, topping the consensus estimate of GBX 30.30 ($0.40) by GBX 0.90 ($0.01). SSE plc had a net margin of 6.57% and a return on equity of 40.09%. The firm had revenue of GBX 1,218.41 billion during the quarter.

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The business also recently declared a dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, January 18th will be issued a GBX 28.40 ($0.37) dividend. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 2.09%.

About SSE plc

SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.

Analyst Recommendations for SSE plc (LON:SSE)

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