SSE plc (SSE) Given Average Rating of “Buy” by Brokerages

SSE plc (LON:SSE) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 1,524.08 ($20.51).

Several analysts recently commented on the company. Barclays reiterated an “overweight” rating and issued a GBX 1,665 ($22.41) target price on shares of SSE in a report on Wednesday, November 8th. Credit Suisse Group reiterated a “restricted” rating on shares of SSE in a report on Wednesday, November 8th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,540 ($20.73) target price on shares of SSE in a report on Wednesday, November 8th. Citigroup reiterated a “neutral” rating and issued a GBX 1,388 ($18.68) target price on shares of SSE in a report on Wednesday, November 8th. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 1,300 ($17.50) target price on shares of SSE in a report on Wednesday, September 6th.

Shares of SSE (LON:SSE) opened at GBX 1,315 ($17.70) on Monday. SSE has a twelve month low of GBX 1,302 ($17.52) and a twelve month high of GBX 1,578 ($21.24).

SSE (LON:SSE) last released its quarterly earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). The company had revenue of GBX 1,218.41 billion for the quarter. SSE had a return on equity of 40.09% and a net margin of 6.57%.

The firm also recently declared a dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, January 18th will be issued a dividend of GBX 28.40 ($0.38) per share. This represents a dividend yield of 2.09%. The ex-dividend date is Thursday, January 18th.

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About SSE

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.

Analyst Recommendations for SSE (LON:SSE)

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