Sse Plc (LON:SSE) has received an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 1,242 ($16.23).
Several brokerages have recently commented on SSE. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SSE in a research note on Tuesday. Credit Suisse Group decreased their price target on SSE from GBX 1,260 ($16.46) to GBX 1,250 ($16.33) and set an “outperform” rating on the stock in a research note on Monday, July 22nd. UBS Group reaffirmed a “neutral” rating on shares of SSE in a research note on Friday. Macquarie reaffirmed a “neutral” rating and issued a GBX 1,140 ($14.90) target price on shares of SSE in a research note on Monday, June 17th. Finally, Goldman Sachs Group reduced their target price on SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a “buy” rating on the stock in a research note on Thursday, June 6th.
In other SSE news, insider Crawford S. Gillies purchased 1,950 shares of SSE stock in a transaction on Wednesday, June 19th. The shares were bought at an average price of GBX 1,119 ($14.62) per share, with a total value of £21,820.50 ($28,512.35). Also, insider Martin Pibworth sold 10,946 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 1,116 ($14.58), for a total value of £122,157.36 ($159,620.23).
Shares of LON:SSE traded up GBX 3 ($0.04) during trading on Friday, hitting GBX 1,107 ($14.46). 3,182,908 shares of the stock were exchanged, compared to its average volume of 4,270,000. The company has a fifty day moving average price of GBX 1,124.80 and a two-hundred day moving average price of GBX 1,141.29. The company has a market cap of $11.36 billion and a PE ratio of 8.03. The company has a current ratio of 1.03, a quick ratio of 0.41 and a debt-to-equity ratio of 167.40. SSE has a 12-month low of GBX 997.80 ($13.04) and a 12-month high of GBX 1,287 ($16.82).
The business also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 25th will be paid a GBX 68.20 ($0.89) dividend. The ex-dividend date is Thursday, July 25th. This represents a yield of 6.65%. This is a positive change from SSE’s previous dividend of $29.30. SSE’s dividend payout ratio is presently 0.70%.
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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