Goldman Sachs Group Reaffirms Buy Rating for SSE (SSE)
Other research analysts have also issued reports about the stock. UBS Group reissued a buy rating on shares of SSE in a report on Monday, November 19th. Deutsche Bank reissued a buy rating and set a GBX 1,250 ($16.33) price objective on shares of SSE in a report on Monday, November 12th. HSBC lowered shares of SSE to a hold rating and decreased their price objective for the stock from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a report on Friday, September 14th. JPMorgan Chase & Co. decreased their price objective on shares of SSE from GBX 1,450 ($18.95) to GBX 1,230 ($16.07) and set a neutral rating for the company in a report on Wednesday, November 14th. Finally, Citigroup reissued a neutral rating and set a GBX 1,203 ($15.72) price objective on shares of SSE in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 1,316.78 ($17.21).
Shares of SSE stock opened at GBX 1,161.50 ($15.18) on Tuesday. SSE has a 1-year low of GBX 1,176.50 ($15.37) and a 1-year high of GBX 1,554 ($20.31).
The firm also recently declared a dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, January 17th will be given a GBX 29.30 ($0.38) dividend. The ex-dividend date is Thursday, January 17th. This represents a dividend yield of 2.59%.
In other SSE news, insider Peter Lynas purchased 3,000 shares of SSE stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of GBX 1,117 ($14.60) per share, for a total transaction of £33,510 ($43,786.75).
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
Further Reading: Book Value Of Equity Per Share – BVPS Explained
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