Brokerages Set Sse Plc (SSE) PT at $1,551.73
Sse Plc (LON:SSE) has earned an average rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,533.55 ($20.42).
A number of analysts recently commented on the company. Jefferies Financial Group began coverage on SSE in a research report on Tuesday. They issued a “buy” rating and a GBX 1,500 ($19.97) price objective for the company. Deutsche Bank restated a “sell” rating on shares of SSE in a research report on Tuesday, May 29th. Deutsche Bank restated a “sell” rating on shares of SSE in a research report on Tuesday, May 29th. JPMorgan Chase & Co. restated an “outperform” rating and set a GBX 1,500 ($19.97) target price on shares of SSE in a research report on Monday, April 9th. Finally, Morgan Stanley cut their price objective on SSE from GBX 1,670 ($22.23) to GBX 1,500 ($19.97) and set an “overweight” rating on the stock in a report on Tuesday, March 27th.
Shares of SSE traded up GBX 13 ($0.17), hitting GBX 1,359 ($18.09), on Monday, Marketbeat reports. 1,525,716 shares of the company traded hands, compared to its average volume of 4,270,000. SSE has a 52 week low of GBX 1,176.50 ($15.66) and a 52 week high of GBX 1,554 ($20.69).
The firm also recently announced a dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, July 26th will be issued a dividend of GBX 66.30 ($0.88) per share. The ex-dividend date is Thursday, July 26th. This is a positive change from SSE’s previous dividend of $28.40. This represents a dividend yield of 4.65%.
SSE plc produces, generates, distributes, and supplies electricity and gas, as well as other energy-related services in the United Kingdom and Ireland. It operates through three segments: Wholesale, Networks, and Retail. The company generates electricity from gas, oil, coal, water, and wind. Its electricity networks transmit and distribute electricity to approximately 3.7 million businesses, offices, and homes through approximately 130,000 kilometers of overhead lines and underground cables; and gas networks distribute gas to approximately 5.7 million homes, offices, and businesses through 75,000 kilometers of gas mains.
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