Sse Plc (SSE) Given “Outperform” Rating at BNP Paribas
A number of other analysts have also recently issued reports on SSE. Goldman Sachs Group Inc cut their target price on shares of Sse Plc from GBX 1,528 ($19.72) to GBX 1,522 ($19.65) and set a neutral rating for the company in a research note on Thursday. Investec restated a buy rating and set a GBX 1,520 ($19.62) target price on shares of Sse Plc in a research note on Thursday. Deutsche Bank AG reaffirmed a sell rating and set a GBX 1,300 ($16.78) price target on shares of Sse Plc in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 1,540 ($19.88) price target on shares of Sse Plc in a research report on Friday, March 31st. Finally, Credit Suisse Group AG reaffirmed a neutral rating and set a GBX 1,550 ($20.01) price target on shares of Sse Plc in a research report on Monday, February 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 1,547 ($19.97).
Sse Plc (LON:SSE) traded up 1.14% on Thursday, hitting GBX 1509.00. 4,405,577 shares of the stock traded hands. The firm’s 50 day moving average is GBX 1,452.20 and its 200 day moving average is GBX 1,500.17. The stock’s market cap is GBX 15.26 billion. Sse Plc has a 52 week low of GBX 1,369.00 and a 52 week high of GBX 1,644.00.
The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, July 27th will be given a dividend of GBX 63.90 ($0.82) per share. This represents a yield of 4.4%. This is a positive change from Sse Plc’s previous dividend of $27.40. The ex-dividend date of this dividend is Thursday, July 27th.
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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