Sse Plc (SSE) Stock Rating Reaffirmed by Deutsche Bank AG
Sse Plc (LON:SSE)‘s stock had its “sell” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Sunday, StockTargetPrices.com reports. They currently have a GBX 1,300 ($16.84) price target on the stock. Deutsche Bank AG’s price target points to a potential downside of 11.80% from the stock’s current price.
SSE has been the subject of several other reports. Investec restated a “buy” rating and set a GBX 1,520 ($19.69) price objective on shares of Sse Plc in a research report on Thursday, May 18th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 1,540 ($19.95) price objective on shares of Sse Plc in a research report on Friday, March 31st. Barclays PLC boosted their price objective on shares of Sse Plc from GBX 1,595 ($20.66) to GBX 1,685 ($21.83) and gave the company an “overweight” rating in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 1,528 ($19.79) price objective on shares of Sse Plc in a research report on Tuesday, May 9th. Finally, Citigroup Inc. restated a “sell” rating and set a GBX 1,315 ($17.03) price objective on shares of Sse Plc in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Sse Plc has a consensus rating of “Hold” and an average price target of GBX 1,547.31 ($20.04).
Sse Plc (LON:SSE) opened at 1474.00 on Friday. The stock has a 50 day moving average price of GBX 1,490.84 and a 200-day moving average price of GBX 1,500.46. The firm’s market capitalization is GBX 14.93 billion. Sse Plc has a one year low of GBX 1,378.00 and a one year high of GBX 1,644.00.
The business also recently declared a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, July 27th will be issued a dividend of GBX 63.90 ($0.83) per share. The ex-dividend date of this dividend 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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In other news, insider Gregor Alexander sold 15,418 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 1,501 ($19.44), for a total transaction of £231,424.18 ($299,772.25). Insiders have bought 31 shares of company stock valued at $44,922 over the last quarter.
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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