Goldman Sachs Group Inc. Reiterates Neutral Rating for Sse Plc (SSE)
Sse Plc (LON:SSE)‘s stock had its “neutral” rating reaffirmed by stock analysts at Goldman Sachs Group Inc. in a report issued on Monday. They currently have a GBX 1,603 ($20.03) price objective on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 10.25% from the stock’s previous close.
Several other analysts have also weighed in on the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 1,675 ($20.93) target price on shares of Sse Plc in a research report on Friday, October 21st. Deutsche Bank AG lifted their target price on shares of Sse Plc from GBX 1,400 ($17.49) to GBX 1,470 ($18.37) and gave the company a “hold” rating in a research report on Monday, September 12th. Citigroup Inc. upgraded shares of Sse Plc to a “neutral” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 1,550 ($19.37) target price on shares of Sse Plc in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,600 ($19.99) target price on shares of Sse Plc in a research report on Thursday, November 10th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,533.63 ($19.16).
Sse Plc (LON:SSE) opened at 1454.00 on Monday. The firm’s market cap is GBX 14.66 billion. Sse Plc has a 1-year low of GBX 1,317.00 and a 1-year high of GBX 1,644.00. The company’s 50 day moving average is GBX 1,549.14 and its 200-day moving average is GBX 1,537.81.
The company also recently announced a dividend, which will be paid on Friday, March 17th. Shareholders of record on Thursday, January 19th will be paid a GBX 27.40 ($0.34) dividend. This represents a yield of 1.79%. The ex-dividend date is Thursday, January 19th.
About Sse Plc
SSE plc is a United Kingdom-based company engaged in the generation, transmission, distribution and supply of electricity; in the production, storage, distribution and supply of gas, and in other energy-related services. 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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