Citigroup Inc. Upgrades Sse Plc (LON:SSE) to Neutral
Citigroup Inc. upgraded shares of Sse Plc (LON:SSE) to a neutral rating in a research report report published on Friday morning. Citigroup Inc. currently has GBX 1,388 ($18.31) target price on the stock.
Several other research analysts have also recently weighed in on the stock. Morgan Stanley reaffirmed an overweight rating on shares of Sse Plc in a report on Wednesday, April 19th. Berenberg Bank raised shares of Sse Plc to a buy rating and upped their price target for the stock from GBX 1,550 ($20.45) to GBX 1,650 ($21.76) in a report on Tuesday, April 11th. Investec reaffirmed a buy rating and issued a GBX 1,520 ($20.05) price target on shares of Sse Plc in a report on Thursday, May 18th. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 1,300 ($17.15) price target on shares of Sse Plc in a report on Thursday, May 18th. Finally, Macquarie reaffirmed an outperform rating and issued a GBX 1,735 ($22.89) price target on shares of Sse Plc in a report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Sse Plc currently has an average rating of Hold and a consensus price target of GBX 1,545.63 ($20.39).
Shares of Sse Plc (LON:SSE) opened at 1382.00 on Friday. Sse Plc has a one year low of GBX 1,372.49 and a one year high of GBX 1,644.00. The firm has a 50 day moving average price of GBX 1,467.34 and a 200-day moving average price of GBX 1,487.45. The firm’s market cap is GBX 14.00 billion.
The business also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, July 27th will be given a GBX 63.90 ($0.84) dividend. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Sse Plc’s previous dividend of $27.40. This represents a yield of 4.4%.
In other Sse Plc 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 ($19.80), for a total transaction of £231,424.18 ($305,268.67). Insiders purchased 31 shares of company stock valued at $44,922 over the last quarter.
Sse Plc Company Profile
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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