Sse Plc (LON:SSE) Receives GBX 1,321.22 Average Price Target from Analysts

Sse Plc (LON:SSE) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,378.60 ($18.13).

A number of brokerages recently issued reports on SSE. Goldman Sachs Group cut shares of SSE to a “neutral” rating and boosted their price objective for the company from GBX 1,369 ($18.01) to GBX 1,461 ($19.22) in a report on Tuesday, January 7th. Morgan Stanley restated an “overweight” rating on shares of SSE in a report on Monday, November 11th. BNP Paribas boosted their price objective on shares of SSE from GBX 1,400 ($18.42) to GBX 1,600 ($21.05) and gave the company an “outperform” rating in a report on Friday. HSBC boosted their price objective on shares of SSE from GBX 1,480 ($19.47) to GBX 1,510 ($19.86) and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Sanford C. Bernstein boosted their price objective on shares of SSE from GBX 1,450 ($19.07) to GBX 1,600 ($21.05) and gave the company an “outperform” rating in a report on Thursday, January 9th.

LON SSE traded up GBX 14 ($0.18) during trading on Tuesday, reaching GBX 1,458.50 ($19.19). 2,045,962 shares of the stock traded hands, compared to its average volume of 4,270,000. The firm has a market cap of $15.08 billion and a price-to-earnings ratio of 11.87. The stock’s 50-day moving average price is GBX 1,398.12 and its 200 day moving average price is GBX 1,248.35. The company has a quick ratio of 0.37, a current ratio of 0.82 and a debt-to-equity ratio of 208.36. SSE has a fifty-two week low of GBX 997.80 ($13.13) and a fifty-two week high of GBX 1,475 ($19.40).

The business also recently declared a dividend, which will be paid on Friday, March 13th. Stockholders of record on Thursday, January 16th will be issued a GBX 24 ($0.32) dividend. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, January 16th. SSE’s dividend payout ratio (DPR) is presently 0.75%.

About SSE

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.

Featured Story: What is the market perform rating?

Analyst Recommendations for SSE (LON:SSE)

Receive News & Ratings for SSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE and related companies with MarketBeat.com's FREE daily email newsletter.