Sse Plc (SSE) Rating Reiterated by BNP Paribas
Sse Plc (LON:SSE)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a research report issued on Tuesday. They currently have a GBX 1,700 ($21.09) target price on the stock. BNP Paribas’ target price suggests a potential upside of 15.25% from the company’s previous close.
A number of other research analysts have also recently issued reports on SSE. JPMorgan Chase & Co. decreased their price objective on shares of Sse Plc from GBX 1,625 ($20.16) to GBX 1,600 ($19.85) and set a “neutral” rating on the stock in a research note on Thursday, September 15th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 1,603 ($19.89) price objective on shares of Sse Plc in a research note on Wednesday, September 7th. Macquarie reissued an “outperform” rating and issued a GBX 1,700 ($21.09) price objective on shares of Sse Plc in a research note on Wednesday, November 23rd. Barclays PLC reissued an “overweight” rating and issued a GBX 1,675 ($20.78) price objective on shares of Sse Plc in a research note on Tuesday, September 27th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 1,550 ($19.23) target price on shares of Sse Plc in a research note on Monday, October 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Sse Plc has a consensus rating of “Hold” and an average price target of GBX 1,542.38 ($19.13).
Shares of Sse Plc (LON:SSE) opened at 1475.00 on Tuesday. The company has a 50 day moving average of GBX 1,526.11 and a 200-day moving average of GBX 1,534.90. The company’s market cap is GBX 14.87 billion. Sse Plc has a 52-week low of GBX 1,317.00 and a 52-week high of GBX 1,644.00.
The company also recently announced a dividend, which will be paid on Friday, March 17th. Investors of record on Thursday, January 19th will be given a GBX 27.40 ($0.34) dividend. This represents a yield of 1.79%. The ex-dividend date is Thursday, January 19th.
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In other news, insider Katie Bickerstaffe bought 677 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average cost of GBX 1,461 ($18.12) per share, with a total value of £9,890.97 ($12,270.15).
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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