Analysts Set Sse Plc (SSE) Target Price at $1,551.73

Sse Plc (LON:SSE) has been assigned a consensus rating of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,533.55 ($20.42).

Several equities analysts have recently weighed in on the company. Deutsche Bank reissued a “sell” rating on shares of SSE in a report on Friday, May 18th. Jefferies Financial Group assumed coverage on SSE in a report on Tuesday. They set a “buy” rating and a GBX 1,500 ($19.97) price target on the stock. Deutsche Bank reissued a “sell” rating on shares of SSE in a report on Friday, May 18th. Credit Suisse Group reissued a “restricted” rating on shares of SSE in a report on Wednesday, February 28th. Finally, Morgan Stanley decreased their target price on SSE from GBX 1,670 ($22.23) to GBX 1,500 ($19.97) and set an “overweight” rating on the stock in a report on Tuesday, March 27th.

Shares of SSE traded up GBX 13 ($0.17), reaching GBX 1,359 ($18.09), during midday trading on Monday, according to MarketBeat. The company had a trading volume of 1,525,716 shares, compared to its average volume of 4,270,000. SSE has a one year low of GBX 1,176.50 ($15.66) and a one year high of GBX 1,554 ($20.69).

SSE (LON:SSE) last issued its earnings results on Friday, May 25th. The company reported GBX 121.10 ($1.61) EPS for the quarter, beating the consensus estimate of GBX 117.50 ($1.56) by GBX 3.60 ($0.05). SSE had a return on equity of 9.69% and a net margin of 2.93%.

The firm also recently declared a dividend, which will be paid on Friday, September 21st. Shareholders of record on Thursday, July 26th will be paid a GBX 66.30 ($0.88) dividend. This represents a yield of 4.65%. The ex-dividend date of this dividend is Thursday, July 26th. This is a positive change from SSE’s previous dividend of $28.40.

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.

Analyst Recommendations for SSE (LON:SSE)

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