SSE (LON:SSE) Earns “Neutral” Rating from UBS Group

UBS Group reaffirmed their neutral rating on shares of SSE (LON:SSE) in a research note released on Thursday, Stock Target Advisor reports. UBS Group currently has a GBX 1,300 ($16.00) price objective on the stock, up from their previous price objective of GBX 1,250 ($15.38).

SSE has been the topic of several other research reports. Deutsche Bank increased their price target on shares of SSE from GBX 1,100 ($13.54) to GBX 1,270 ($15.63) and gave the stock a hold rating in a research report on Friday, July 17th. Credit Suisse Group reissued a neutral rating and issued a GBX 1,200 ($14.77) price objective on shares of SSE in a research note on Wednesday, June 3rd. Barclays reissued an equal weight rating on shares of SSE in a research note on Friday, May 22nd. Goldman Sachs Group increased their price objective on shares of SSE from GBX 1,483 ($18.25) to GBX 1,536 ($18.90) and gave the company a buy rating in a research note on Thursday, July 23rd. Finally, Societe Generale downgraded shares of SSE to a hold rating in a research note on Monday, July 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 1,418.13 ($17.45).

LON SSE opened at GBX 1,301 ($16.01) on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.30 and a debt-to-equity ratio of 217.93. The firm has a market capitalization of $13.52 billion and a price-to-earnings ratio of -228.25. The firm’s 50 day simple moving average is GBX 1,350.18 and its 200 day simple moving average is GBX 1,357.92. SSE has a 1 year low of GBX 13.65 ($0.17) and a 1 year high of GBX 1,703 ($20.96).

SSE (LON:SSE) last posted its quarterly earnings results on Wednesday, June 17th. The company reported GBX 83.60 ($1.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 82.50 ($1.02) by GBX 1.10 ($0.01). On average, equities research analysts forecast that SSE will post 9769.9629129 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, July 23rd will be paid a dividend of GBX 56 ($0.69) per share. The ex-dividend date is Thursday, July 23rd. This represents a dividend yield of 4.41%. This is an increase from SSE’s previous dividend of $24.00. SSE’s dividend payout ratio (DPR) is presently -1,403.51%.

In other news, insider Martin Pibworth sold 15,277 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of GBX 1,337 ($16.45), for a total transaction of £204,253.49 ($251,357.97).

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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