Barclays PLC Reaffirms Overweight Rating for Sse Plc (SSE)
Sse Plc (LON:SSE)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a research report issued to clients and investors on Thursday. They presently have a GBX 1,765 ($22.05) target price on the stock. Barclays PLC’s target price indicates a potential upside of 20.81% from the company’s previous close.
Several other equities analysts have also commented on SSE. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 1,550 ($19.37) target price on shares of Sse Plc in a research note on Wednesday, July 27th. BNP Paribas reissued an “outperform” rating and set a GBX 1,700 ($21.24) price target on shares of Sse Plc in a research report on Wednesday, July 27th. Citigroup Inc. raised Sse Plc to a “neutral” rating in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 1,603 ($20.03) price target on shares of Sse Plc in a research report on Wednesday, September 7th. Finally, Deutsche Bank AG boosted their price target on 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. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,542.38 ($19.27).
Shares of Sse Plc (LON:SSE) opened at 1461.00 on Thursday. Sse Plc has a 12 month low of GBX 1,317.00 and a 12 month high of GBX 1,644.00. The stock’s 50 day moving average price is GBX 1,532.38 and its 200 day moving average price is GBX 1,535.87. The firm’s market cap is GBX 14.73 billion.
The business also recently declared a dividend, which will be paid on Friday, March 17th. Stockholders of record on Thursday, January 19th will be given a dividend of GBX 27.40 ($0.34) per share. This represents a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, January 19th.
In related news, insider Katie Bickerstaffe purchased 677 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average cost of GBX 1,461 ($18.25) per share, for a total transaction of £9,890.97 ($12,357.53).
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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.
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