Macquarie Reiterates Outperform Rating for Sse Plc (SSE)
Sse Plc (LON:SSE)‘s stock had its “outperform” rating reaffirmed by analysts at Macquarie in a research report issued to clients and investors on Friday. They presently have a GBX 1,735 ($22.57) target price on the stock. Macquarie’s price objective would suggest a potential upside of 13.10% from the company’s current price.
SSE has been the topic of a number of other reports. Credit Suisse Group AG dropped their price objective on shares of Sse Plc from GBX 1,550 ($20.16) to GBX 1,500 ($19.51) and set a ” neutral” rating on the stock in a research note on Friday, February 10th. Investec reiterated a “buy” rating and set a GBX 1,520 ($19.77) price objective on shares of Sse Plc in a research note on Thursday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,540 ($20.03) price objective on shares of Sse Plc in a research note on Friday, March 31st. HSBC Holdings plc upgraded shares of Sse Plc to a “buy” rating and increased their price objective for the company from GBX 1,660 ($21.59) to GBX 1,740 ($22.64) in a research note on Wednesday, January 25th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating and set a GBX 1,528 ($19.88) price objective on shares of Sse Plc in a research note on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 1,547 ($20.12).
Sse Plc (LON:SSE) traded up 1.66% during mid-day trading on Friday, hitting GBX 1534.00. 3,566,855 shares of the stock were exchanged. The company has a 50 day moving average price of GBX 1,453.53 and a 200 day moving average price of GBX 1,498.76. The stock’s market cap is GBX 15.53 billion. Sse Plc has a 52 week low of GBX 1,369.00 and a 52 week high of GBX 1,644.00.
The firm also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, July 27th will be issued a dividend of GBX 63.90 ($0.83) per share. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Sse Plc’s previous dividend of $27.40.
About Sse Plc
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.
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