Sse Plc (SSE) Stock Rating Reaffirmed by Macquarie
Sse Plc (LON:SSE)‘s stock had its “outperform” rating reiterated by research analysts at Macquarie in a research note issued on Wednesday. They presently have a GBX 1,700 ($21.24) price objective on the stock. Macquarie’s target price points to a potential upside of 17.16% from the stock’s current price.
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,600 ($19.99) price objective on shares of Sse Plc in a report on Thursday, November 10th. Citigroup Inc. upgraded Sse Plc to a “neutral” rating in a report on Wednesday, August 3rd. BNP Paribas reiterated an “outperform” rating and set a GBX 1,700 ($21.24) target price on shares of Sse Plc in a report on Wednesday, July 27th. Jefferies Group reiterated a “hold” rating and set a GBX 1,550 ($19.37) target price on shares of Sse Plc in a report on Monday, October 31st. Finally, 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 report on Tuesday, October 25th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,542.38 ($19.27).
Shares of Sse Plc (LON:SSE) opened at 1456.0945 on Wednesday. The stock’s market cap is GBX 14.68 billion. The firm has a 50-day moving average price of GBX 1,528.84 and a 200-day moving average price of GBX 1,535.28. Sse Plc has a 52 week low of GBX 1,317.00 and a 52 week high of GBX 1,644.00.
The business also recently disclosed a dividend, which will be paid on Friday, March 17th. Investors of record on Thursday, January 19th will be given a dividend of GBX 27.40 ($0.34) per share. The ex-dividend date is Thursday, January 19th. This represents a yield of 1.79%.
In related news, insider Katie Bickerstaffe acquired 677 shares of Sse Plc stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average price of GBX 1,461 ($18.25) per share, for a total transaction of £9,890.97 ($12,357.53).
Sse Plc 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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