Sse Plc PT Raised to GBX 1,415 at Goldman Sachs (SSE)
Investment analysts at Goldman Sachs hoisted their price objective on shares of Sse Plc (LON:SSE) from GBX 1,355 ($23.06) to GBX 1,415 ($24.08) in a note issued to investors on Tuesday. The firm currently has a “sell” rating on the stock. Goldman Sachs’ price objective points to a potential downside of 10.50% from the stock’s previous close.
A number of other firms have also recently commented on SSE. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Sse Plc in a research note on Monday. They now have a GBX 1,600 ($27.23) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Sse Plc in a research note on Wednesday, June 18th. They now have a GBX 1,310 ($22.29) price target on the stock. Finally, 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 ($28.59) price target on the stock. Ten analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Sse Plc currently has a consensus rating of “Hold” and an average target price of GBX 1,448.50 ($24.65).
Shares of Sse Plc (LON:SSE) traded down 0.13% during mid-day trading on Tuesday, hitting GBX 1581.00. The stock had a trading volume of 1,723,521 shares. Sse Plc has a 1-year low of GBX 1297.00 and a 1-year high of GBX 1858.00. The stock’s 50-day moving average is GBX 1553. and its 200-day moving average is GBX 1443.. The company’s market cap is £15.363 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.
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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