Sse Plc (SSE) Given “Buy” Rating at Investec
Several other research firms have also recently weighed in on SSE. Citigroup Inc reissued a sell rating and set a GBX 1,300 ($16.78) price objective on shares of Sse Plc in a research report on Thursday, May 4th. HSBC Holdings plc reissued a buy rating on shares of Sse Plc in a research report on Friday, March 3rd. Deutsche Bank AG reissued a hold rating and set a GBX 1,420 ($18.33) price objective on shares of Sse Plc in a research report on Friday, February 10th. JPMorgan Chase & Co. reissued a neutral rating on shares of Sse Plc in a research report on Wednesday, February 1st. Finally, Barclays PLC cut their price objective on Sse Plc from GBX 1,765 ($22.78) to GBX 1,695 ($21.88) and set an overweight rating for the company in a research report on Wednesday, February 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 1,547 ($19.97).
Sse Plc (LON:SSE) traded up 1.14% during mid-day trading on Thursday, hitting GBX 1509.00. The stock had a trading volume of 4,405,577 shares. Sse Plc has a 1-year low of GBX 1,369.00 and a 1-year high of GBX 1,644.00. The stock has a 50 day moving average of GBX 1,452.20 and a 200-day moving average of GBX 1,500.17. The firm’s market cap is GBX 15.26 billion.
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The company also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, July 27th will be issued a GBX 63.90 ($0.82) dividend. This is a boost from Sse Plc’s previous dividend of $27.40. The ex-dividend date of this dividend is Thursday, July 27th. This represents a yield of 4.4%.
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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