Deutsche Bank restated their hold rating on shares of SSE (LON:SSE) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently weighed in on SSE. HSBC started coverage on Canada Goose in a research report on Monday, May 20th. They issued a buy rating and a $48.32 price objective for the company. Credit Suisse Group set a GBX 6,350 ($82.97) price objective on AstraZeneca and gave the stock a buy rating in a research report on Friday, March 29th. Jefferies Financial Group reissued a buy rating and issued a GBX 1,370 ($17.90) price objective on shares of in a research report on Thursday, May 30th. Sanford C. Bernstein set a €90.00 ($104.65) target price on Renault and gave the stock a neutral rating in a research note on Thursday, June 6th. Finally, Barclays restated a top pick rating and issued a GBX 3,250 ($42.47) target price on shares of in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. SSE presently has an average rating of Hold and an average price target of GBX 1,220.79 ($15.95).
LON:SSE opened at GBX 1,153 ($15.07) on Friday. The company has a debt-to-equity ratio of 167.40, a quick ratio of 0.41 and a current ratio of 1.03. The company has a market capitalization of $11.88 billion and a PE ratio of 8.36. SSE has a 1-year low of GBX 997.80 ($13.04) and a 1-year high of GBX 1,389.50 ($18.16). The business’s 50-day moving average price is GBX 1,117.13.
The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 25th will be paid a GBX 68.20 ($0.89) dividend. This is a positive change from SSE’s previous dividend of $29.30. The ex-dividend date is Thursday, July 25th. This represents a yield of 6.65%. SSE’s dividend payout ratio (DPR) is 0.70%.
In related news, insider Crawford S. Gillies acquired 1,950 shares of SSE stock in a transaction on Wednesday, June 19th. The stock was acquired at an average price of GBX 1,119 ($14.62) per share, for a total transaction of £21,820.50 ($28,512.35). Also, insider Martin Pibworth sold 10,946 shares of SSE stock in a transaction dated Friday, June 28th. The shares were sold at an average price of GBX 1,116 ($14.58), for a total value of £122,157.36 ($159,620.23).
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 gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
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