Shares of Sse Plc (LON:SSE) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 1,499.70 ($19.97).
SSE has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of SSE from GBX 1,670 ($22.23) to GBX 1,500 ($19.97) and set an “overweight” rating for the company in a report on Tuesday, March 27th. JPMorgan Chase & Co. reaffirmed an “outperform” rating and set a GBX 1,500 ($19.97) target price on shares of SSE in a report on Monday, April 9th. Deutsche Bank reaffirmed a “sell” rating on shares of SSE in a report on Friday, May 18th. Deutsche Bank reaffirmed a “sell” rating on shares of SSE in a report on Friday, May 18th. Finally, Jefferies Financial Group initiated coverage on shares of SSE in a report on Tuesday, June 12th. They set a “buy” rating and a GBX 1,500 ($19.97) target price for the company.
Shares of SSE traded down GBX 2.50 ($0.03), reaching GBX 1,372 ($18.27), during midday trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 1,958,003 shares, compared to its average volume of 4,270,000. SSE has a 1-year low of GBX 1,176.50 ($15.66) and a 1-year high of GBX 1,554 ($20.69).
SSE (LON:SSE) last issued its quarterly earnings results on Friday, May 25th. The company reported GBX 121.10 ($1.61) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 117.50 ($1.56) by GBX 3.60 ($0.05). SSE had a net margin of 2.93% and a return on equity of 9.69%.
The company also recently declared a dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, July 26th will be given a dividend of GBX 66.30 ($0.88) per share. This represents a dividend yield of 4.65%. This is a boost from SSE’s previous dividend of $28.40. The ex-dividend date is Thursday, July 26th.
In other news, insider Gregor Alexander sold 10,215 shares of SSE stock in a transaction on Thursday, June 28th. The shares were sold at an average price of GBX 1,353 ($18.01), for a total transaction of £138,208.95 ($184,008.72).
SSE Company Profile
SSE plc produces, generates, distributes, and supplies electricity and gas, as well as other energy-related services in the United Kingdom and Ireland. It operates through three segments: Wholesale, Networks, and Retail. The company generates electricity from gas, oil, coal, water, and wind. Its electricity networks transmit and distribute electricity to approximately 3.7 million businesses, offices, and homes through approximately 130,000 kilometers of overhead lines and underground cables; and gas networks distribute gas to approximately 5.7 million homes, offices, and businesses through 75,000 kilometers of gas mains.
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