Sse Plc (SSE) Given Consensus Recommendation of “Hold” by Brokerages
Sse Plc (LON:SSE) has been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat reports. 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 average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,527.64 ($19.95).
Several research firms recently issued reports on SSE. BNP Paribas reiterated an “outperform” rating and issued a GBX 1,700 ($22.20) target price on shares of Sse Plc in a research note on Friday. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,540 ($20.11) target price on shares of Sse Plc in a research note on Friday, March 31st. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 1,300 ($16.98) target price on shares of Sse Plc in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Sse Plc from GBX 1,528 ($19.95) to GBX 1,522 ($19.87) and set a “neutral” rating for the company in a research note on Thursday, May 18th. Finally, Jefferies Group LLC decreased their target price on shares of Sse Plc from GBX 1,550 ($20.24) to GBX 1,400 ($18.28) and set a “hold” rating for the company in a research note on Friday, May 5th.
In related news, insider Gregor Alexander sold 15,418 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 1,501 ($19.60), for a total value of £231,424.18 ($302,199.24). Insiders purchased 31 shares of company stock valued at $44,922 in the last three months.
Shares of Sse Plc (SSE) opened at 1475.00 on Friday. The company’s market capitalization is GBX 14.94 billion. The stock’s 50 day moving average is GBX 1,479.56 and its 200 day moving average is GBX 1,493.88. Sse Plc has a 12 month low of GBX 1,378.00 and a 12 month high of GBX 1,644.00.
The firm also recently announced a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, July 27th will be given a GBX 63.90 ($0.83) dividend. This represents a dividend yield of 4.4%. This is a boost from Sse Plc’s previous dividend of $27.40. The ex-dividend date is Thursday, July 27th.
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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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