SSE plc (LON:SSE) Given Consensus Rating of “Hold” by Analysts

SSE plc (LON:SSE) has earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,506.38 ($19.68).

Several equities analysts have recently issued reports on SSE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,500 ($19.60) price target on shares of SSE in a research report on Thursday, May 27th. Morgan Stanley reiterated an “overweight” rating on shares of SSE in a research note on Thursday, March 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded SSE to a “neutral” rating and set a GBX 1,554 ($20.30) price target for the company in a research note on Monday, May 17th.

LON SSE traded up GBX 11.50 ($0.15) during trading on Friday, hitting GBX 1,558 ($20.36). The company had a trading volume of 664,267 shares, compared to its average volume of 2,211,892. SSE has a one year low of GBX 1,160.50 ($15.16) and a one year high of GBX 1,659.10 ($21.68). The firm has a market capitalization of £16.25 billion and a P/E ratio of 7.12. The stock has a fifty day simple moving average of GBX 1,505.72. The company has a current ratio of 1.29, a quick ratio of 0.88 and a debt-to-equity ratio of 140.85.

The firm also recently disclosed a dividend, which will be paid on Thursday, September 23rd. Stockholders of record on Thursday, July 29th will be paid a GBX 56.60 ($0.74) dividend. This represents a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, July 29th. This is a boost from SSE’s previous dividend of $24.40. SSE’s dividend payout ratio is 0.37%.

In other SSE news, insider Helen M. Mahy bought 1,283 shares of SSE stock in a transaction on Wednesday, May 26th. The stock was acquired at an average cost of GBX 1,544 ($20.17) per share, with a total value of £19,809.52 ($25,881.26).

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from water, water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and also central southern England; and owns and operates 132 kilovolts (KV), 275kV, and 400kV electricity transmission network using high voltage overhead lines, and underground and subsea cables.

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Analyst Recommendations for SSE (LON:SSE)

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