Sse Plc’s (LON:SSE) Sell Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reaffirmed their sell rating on shares of Sse Plc (LON:SSE) in a research note released on Monday, July 3rd. The firm currently has a GBX 1,300 ($16.98) target price on the stock.

Other analysts have also recently issued research reports about the stock. Berenberg Bank reiterated a buy rating and issued a GBX 1,650 ($21.55) price objective on shares of Sse Plc in a research note on Monday, June 5th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 1,540 ($20.11) price objective on shares of Sse Plc in a research note on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Sse Plc from GBX 1,528 ($19.95) to GBX 1,522 ($19.87) and set a neutral rating for the company in a research note on Thursday, May 18th. Investec reiterated a buy rating and issued a GBX 1,520 ($19.85) price objective on shares of Sse Plc in a research note on Thursday, May 18th. Finally, Citigroup Inc. restated a sell rating and set a GBX 1,315 ($17.17) target price on shares of Sse Plc in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Sse Plc currently has a consensus rating of Hold and an average price target of GBX 1,547.31 ($20.21).

Sse Plc (SSE) traded down 0.27% on Monday, hitting GBX 1473.00. 2,339,559 shares of the company traded hands. The stock’s market cap is GBX 14.92 billion. The stock’s 50-day moving average is GBX 1,479.38 and its 200 day moving average is GBX 1,493.73. Sse Plc has a 12 month low of GBX 1,378.00 and a 12 month high of GBX 1,644.00.

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The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, July 27th will be paid a dividend of GBX 63.90 ($0.83) 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 of this dividend is Thursday, July 27th.

In other Sse Plc news, insider Gregor Alexander sold 15,418 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of GBX 1,501 ($19.60), for a total transaction of £231,424.18 ($302,199.24). Over the last quarter, insiders have acquired 31 shares of company stock valued at $44,922.

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.

Analyst Recommendations for Sse Plc (LON:SSE)

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