SSE (SSE) Stock Price Down 2.1%

Sse Plc (LON:SSE) fell 2.1% during trading on Thursday . The company traded as low as GBX 1,276.50 ($17.93) and last traded at GBX 1,276.50 ($17.93). 4,445,744 shares changed hands during trading, an increase of 34% from the average session volume of 3,310,000 shares. The stock had previously closed at GBX 1,304.50 ($18.32).

A number of research firms recently commented on SSE. Credit Suisse Group reaffirmed a “restricted” rating on shares of SSE in a report on Wednesday, November 8th. Barclays reissued an “overweight” rating and issued a GBX 1,665 ($23.38) price target on shares of SSE in a report on Wednesday, November 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,540 ($21.63) price target on shares of SSE in a report on Wednesday, November 8th. Citigroup reissued a “neutral” rating and issued a GBX 1,388 ($19.49) price target on shares of SSE in a report on Wednesday, November 8th. Finally, reissued a “buy” rating and issued a GBX 1,530 ($21.49) price target on shares of SSE in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,532.79 ($21.52).

The stock has a market capitalization of $12,950.00 and a price-to-earnings ratio of 945.56.

SSE (LON:SSE) last announced its quarterly earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 30.30 ($0.43) by GBX 0.90 ($0.01). SSE had a return on equity of 9.69% and a net margin of 2.93%. The company had revenue of GBX 1,218.41 billion during the quarter.

The firm also recently announced a dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, January 18th will be paid a dividend of GBX 28.40 ($0.40) per share. This represents a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, January 18th.

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SSE Company Profile

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.

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