Sse Plc Receives Underperform Rating from Sanford C. Bernstein (SSE)
Sse Plc (LON:SSE)‘s stock had its “underperform” rating restated by research analysts at Sanford C. Bernstein in a report released on Wednesday. They currently have a GBX 1,310 ($22.24) price objective on the stock. Sanford C. Bernstein’s price objective suggests a potential downside of 16.08% from the company’s current price.
Shares of Sse Plc (LON:SSE) opened at 1560.1599 on Wednesday. Sse Plc has a one year low of GBX 1297.00 and a one year high of GBX 1858.00. The stock’s 50-day moving average is GBX 1546. and its 200-day moving average is GBX 1434.43. The company’s market cap is £15.160 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, July 23rd will be paid a dividend of GBX 60.70 ($1.03) per share. This represents a dividend yield of 3.9%. The ex-dividend date is Wednesday, July 23rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec upgraded shares of Sse Plc to a “buy” rating in a research note on Friday, June 13th. They now have a GBX 1,680 ($28.52) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Sse Plc in a research note on Friday, June 13th. They now have a GBX 1,270 ($21.56) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Sse Plc in a research note on Wednesday, June 11th. They now have a GBX 1,340 ($22.75) price target on the stock. Ten investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Sse Plc presently has an average rating of “Hold” and a consensus target price of GBX 1,445.17 ($24.53).
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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