Several other research firms have also issued reports on SSE. UBS Group restated a neutral rating on shares of SSE in a research report on Thursday, April 18th. HSBC restated a hold rating and issued a GBX 1,150 ($15.03) price target (down from GBX 1,250 ($16.33)) on shares of SSE in a research report on Monday, May 20th. Jefferies Financial Group restated a buy rating and issued a GBX 1,370 ($17.90) price target on shares of SSE in a research report on Thursday, May 30th. Goldman Sachs Group reduced their price target on SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a buy rating on the stock in a research report on Thursday, June 6th. Finally, Deutsche Bank restated a hold rating on shares of SSE in a research report on Friday, July 12th. 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 stock. The company has an average rating of Hold and a consensus target price of GBX 1,200.85 ($15.69).
LON:SSE opened at GBX 1,114.50 ($14.56) on Tuesday. SSE has a 12-month low of GBX 997.80 ($13.04) and a 12-month high of GBX 1,287 ($16.82). The company has a quick ratio of 0.41, a current ratio of 1.03 and a debt-to-equity ratio of 167.40. The firm has a market capitalization of $11.33 billion and a P/E ratio of 8.08. The stock’s fifty day simple moving average is GBX 1,124.95 and its 200-day simple moving average is GBX 1,141.47.
The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 68.20 ($0.89) per share. This represents a yield of 6.65%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from SSE’s previous dividend of $29.30. SSE’s dividend payout ratio (DPR) is presently 0.70%.
In related news, insider Martin Pibworth sold 10,946 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 1,116 ($14.58), for a total transaction of £122,157.36 ($159,620.23). Also, insider Crawford S. Gillies acquired 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of GBX 1,119 ($14.62) per share, for a total transaction of £21,820.50 ($28,512.35).
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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