Sse Plc (LON:SSE) Receives GBX 1,246.60 Consensus PT from Brokerages

Shares of Sse Plc (LON:SSE) have received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,221.78 ($15.96).

Several equities research analysts have recently issued reports on the stock. HSBC assumed coverage on shares of Canada Goose in a research note on Monday, May 20th. They set a “buy” rating and a $48.32 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of National Grid from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Barclays restated a “top pick” rating and set a GBX 3,250 ($42.47) price target on shares of in a research note on Wednesday, June 19th. Deutsche Bank raised their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and raised their price target for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th.

In other news, insider Crawford S. Gillies purchased 1,950 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was purchased at an average cost of GBX 1,119 ($14.62) per share, with a total value of £21,820.50 ($28,512.35). Also, insider Martin Pibworth sold 10,946 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 1,116 ($14.58), for a total transaction of £122,157.36 ($159,620.23).

Shares of SSE stock traded down GBX 5 ($0.07) during trading hours on Tuesday, hitting GBX 1,159 ($15.14). 3,498,623 shares of the company were exchanged, compared to its average volume of 4,270,000. The company’s fifty day moving average price is GBX 1,126.27. The company has a debt-to-equity ratio of 167.40, a current ratio of 1.03 and a quick ratio of 0.41. SSE has a 52-week low of GBX 997.80 ($13.04) and a 52-week high of GBX 1,389.50 ($18.16). The firm has a market cap of $11.94 billion and a PE ratio of 8.40.

The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 25th will be issued a GBX 68.20 ($0.89) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from SSE’s previous dividend of $29.30. This represents a yield of 6.65%. SSE’s dividend payout ratio (DPR) is 0.70%.

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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Analyst Recommendations for SSE (LON:SSE)

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