Jefferies Financial Group assumed coverage on shares of SSE (LON:SSE) in a research note published on Tuesday. The firm issued a buy rating and a GBX 1,500 ($19.97) price target on the stock.
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed an outperform rating and set a GBX 1,500 ($19.97) price target on shares of SSE in a report on Monday, April 9th. Morgan Stanley cut their price target on SSE from GBX 1,670 ($22.23) to GBX 1,500 ($19.97) and set an overweight rating on the stock in a report on Tuesday, March 27th. Credit Suisse Group reissued a restricted rating on shares of SSE in a report on Wednesday, February 28th. Deutsche Bank dropped their target price on SSE from GBX 1,250 ($16.64) to GBX 1,150 ($15.31) and set a sell rating on the stock in a report on Thursday, March 8th. Finally, Deutsche Bank reissued a sell rating on shares of SSE in a report on Tuesday, May 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 1,501.46 ($19.99).
SSE opened at GBX 1,353 ($18.01) on Tuesday, according to MarketBeat Ratings. SSE has a one year low of GBX 1,176.50 ($15.66) and a one year high of GBX 1,554 ($20.69).
SSE (LON:SSE) last released its quarterly earnings results on Friday, May 25th. The company reported GBX 121.10 ($1.61) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 117.50 ($1.56) by GBX 3.60 ($0.05). SSE had a return on equity of 9.69% and a net margin of 2.93%.
The company also recently announced a dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, July 26th will be issued a dividend of GBX 66.30 ($0.88) per share. This is a boost from SSE’s previous dividend of $28.40. The ex-dividend date is Thursday, July 26th. This represents a yield of 4.65%.
SSE plc produces, generates, distributes, and supplies electricity and gas, as well as other energy-related services in the United Kingdom and Ireland. It operates through three segments: Wholesale, Networks, and Retail. The company generates electricity from gas, oil, coal, water, and wind. Its electricity networks transmit and distribute electricity to approximately 3.7 million businesses, offices, and homes through approximately 130,000 kilometers of overhead lines and underground cables; and gas networks distribute gas to approximately 5.7 million homes, offices, and businesses through 75,000 kilometers of gas mains.
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