Sse Plc (SSE) Given Average Recommendation of “Hold” by Brokerages
Sse Plc (LON:SSE) has been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,527.64 ($19.46).
Several research analysts have recently weighed in on SSE shares. Citigroup Inc. reaffirmed a “sell” rating and set a GBX 1,300 ($16.56) target price on shares of Sse Plc in a research note on Thursday, May 4th. HSBC Holdings plc reaffirmed a “buy” rating on shares of Sse Plc in a research note on Friday, March 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,420 ($18.09) target price on shares of Sse Plc in a research note on Friday, March 31st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 1,522 ($19.39) target price on shares of Sse Plc in a research note on Thursday. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 1,540 ($19.62) target price on shares of Sse Plc in a research note on Tuesday, May 16th.
Shares of Sse Plc (LON:SSE) opened at 1508.00 on Monday. The stock’s 50 day moving average is GBX 1,479.22 and its 200 day moving average is GBX 1,500.62. Sse Plc has a 52-week low of GBX 1,369.00 and a 52-week high of GBX 1,644.00. The company’s market cap is GBX 15.27 billion.
The business also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, July 27th will be paid a GBX 63.90 ($0.81) dividend. The ex-dividend date is Thursday, July 27th. This is an increase from Sse Plc’s previous dividend of $27.40. This represents a dividend yield of 4.4%.
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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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