SSE (LON:SSE) had its price objective decreased by J P Morgan Chase & Co from GBX 1,540 ($20.73) to GBX 1,450 ($19.52) in a research note issued to investors on Thursday morning. J P Morgan Chase & Co currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Macquarie reissued an outperform rating and issued a GBX 1,475 ($19.85) target price on shares of SSE in a research report on Thursday, October 26th. Credit Suisse Group restated an outperform rating and issued a GBX 1,500 ($20.19) price target on shares of SSE in a report on Thursday, November 2nd. Deutsche Bank restated a sell rating and issued a GBX 1,300 ($17.50) price target on shares of SSE in a report on Friday, October 20th. Morgan Stanley restated an overweight rating on shares of SSE in a report on Tuesday, October 31st. Finally, Barclays restated an overweight rating and issued a GBX 1,665 ($22.41) price target on shares of SSE in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of GBX 1,534.93 ($20.66).

SSE (SSE) traded up GBX 1.19 ($0.02) on Thursday, hitting GBX 1,324 ($17.82). 2,748,880 shares of the company traded hands, compared to its average volume of 4,030,000. SSE has a twelve month low of GBX 1,309 ($17.62) and a twelve month high of GBX 1,578 ($21.24).

SSE (LON:SSE) last released its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). SSE had a net margin of 6.57% and a return on equity of 40.09%. The business had revenue of GBX 1,218.41 billion for the quarter.

The company also recently disclosed a dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, January 18th will be paid a dividend of GBX 28.40 ($0.38) per share. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 2.09%.

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About SSE

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.

Analyst Recommendations for SSE (LON:SSE)

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