Sse Plc Stock Rating Reaffirmed by Citigroup Inc. (SSE)
Sse Plc (LON:SSE)‘s stock had its “sell” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,270 ($21.61) price target on the stock. Citigroup Inc.’s price target would indicate a potential downside of 19.67% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs raised their price target on shares of Sse Plc from GBX 1,355 ($23.06) to GBX 1,415 ($24.08) in a research note on Tuesday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,448.50 ($24.65).
Shares of Sse Plc (LON:SSE) traded down 0.13% on Tuesday, hitting GBX 1581.00. 1,723,521 shares of the company’s stock traded hands. 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 1553. and a 200-day moving average of GBX 1443.. The company’s market cap is £15.363 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, July 23rd will be given a dividend of GBX 60.70 ($1.03) per share. This represents a yield of 3.9%. The ex-dividend date of this dividend 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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