Sse Plc Receives Underperform Rating from RBC Capital (SSE)
Sse Plc (LON:SSE)‘s stock had its “underperform” rating reaffirmed by stock analysts at RBC Capital in a report issued on Friday. They currently have a GBX 1,220 ($20.54) price objective on the stock. RBC Capital’s target price would suggest a potential downside of 21.43% from the stock’s previous close.
Shares of Sse Plc (LON:SSE) opened at 1555.00 on Friday. Sse Plc has a 1-year low of GBX 1297.00 and a 1-year high of GBX 1858.00. The stock has a 50-day moving average of GBX 1521. and a 200-day moving average of GBX 1417.. The company’s market cap is £15.110 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of GBX 60.70 ($1.02) per share. This represents a dividend yield of 3.9%. The ex-dividend date is Wednesday, July 23rd.
A number of other analysts have also recently weighed in on SSE. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Sse Plc in a research note on Friday, May 23rd. They now have a GBX 1,355 ($22.81) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Sse Plc in a research note on Thursday, May 22nd. They now have a GBX 1,420 ($23.90) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Sse Plc in a research note on Wednesday, May 21st. They now have a GBX 1,600 ($26.93) price target on the stock. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,449.89 ($24.40).
SSE plc, formerly Scottish and Southern Energy plc, is a holding company. The Company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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