J P Morgan Chase & Co Reiterates “Neutral” Rating for Sse Plc (SSE)

Sse Plc (LON:SSE)‘s stock had its “neutral” rating restated by equities researchers at J P Morgan Chase & Co in a report released on Tuesday, May 16th. They currently have a GBX 1,540 ($19.48) price objective on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 4.76% from the stock’s current price.

A number of other equities analysts have also recently issued reports on SSE. HSBC Holdings plc restated a “buy” rating on shares of Sse Plc in a report on Friday, March 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,420 ($17.96) target price on shares of Sse Plc in a research report on Friday, March 31st. Barclays PLC decreased their target price on Sse Plc from GBX 1,765 ($22.33) to GBX 1,695 ($21.44) and set an “overweight” rating for the company in a research report on Wednesday, February 1st. BNP Paribas reiterated an “outperform” rating and set a GBX 1,700 ($21.51) price target on shares of Sse Plc in a research note on Thursday, March 30th. Finally, Berenberg Bank upgraded Sse Plc to a “buy” rating and raised their target price for the stock from GBX 1,550 ($19.61) to GBX 1,650 ($20.87) in a research note on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Sse Plc has an average rating of “Hold” and an average target price of GBX 1,547.31 ($19.57).

Analyst Recommendations for Sse Plc (LON:SSE)

Shares of Sse Plc (SSE) opened at 1470.00 on Tuesday. The stock’s 50 day moving average is GBX 1,474.56 and its 200-day moving average is GBX 1,500.35. The firm’s market cap is GBX 14.89 billion. Sse Plc has a 12-month low of GBX 1,369.00 and a 12-month high of GBX 1,644.00.

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

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Sse Plc Company Profile

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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