Sse Plc’s (SSE) “Buy” Rating Reaffirmed at Investec

Investec reiterated their buy rating on shares of Sse Plc (LON:SSE) in a research report report published on Thursday, May 18th. Investec currently has a GBX 1,520 ($19.23) target price on the stock.

A number of other analysts also recently commented on the stock. HSBC Holdings plc downgraded shares of Sse Plc to a hold rating and dropped their price target for the stock from GBX 1,740 ($22.01) to GBX 1,620 ($20.49) in a research report on Friday, March 24th. Barclays PLC reaffirmed an overweight rating and issued a GBX 1,695 ($21.44) price objective on shares of Sse Plc in a research note on Monday, March 27th. Morgan Stanley reaffirmed an overweight rating on shares of Sse Plc in a research note on Wednesday, April 19th. Berenberg Bank raised shares of Sse Plc to a buy rating and lifted their price objective for the stock from GBX 1,550 ($19.61) to GBX 1,650 ($20.87) in a research note on Tuesday, April 11th. Finally, Citigroup Inc. cut shares of Sse Plc to a sell rating and set a GBX 1,344 ($17.00) price objective on the stock. in a research note on Tuesday, March 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 1,547.31 ($19.57).

Sse Plc (SSE) opened at 1470.00 on Thursday. The company has a 50-day moving average of GBX 1,474.56 and a 200-day moving average of GBX 1,500.35. Sse Plc has a 52 week low of GBX 1,369.00 and a 52 week high of GBX 1,644.00. The stock’s market capitalization is GBX 14.89 billion.

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The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, July 27th will be issued a GBX 63.90 ($0.81) dividend. This represents a yield of 4.4%. The ex-dividend date is Thursday, July 27th. This is a positive change from Sse Plc’s previous dividend of $27.40.

About Sse Plc

SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.

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