Credit Suisse Group upgraded shares of Sse Plc (LON:SSE) to an outperform rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Credit Suisse Group currently has GBX 1,500 ($19.47) price objective on the stock.
Several other equities analysts have also weighed in on the company. Morgan Stanley restated an overweight rating on shares of Sse Plc in a report on Wednesday, April 19th. Investec restated a buy rating and set a GBX 1,520 ($19.73) target price on shares of Sse Plc in a report on Thursday, May 18th. Deutsche Bank AG restated a sell rating and set a GBX 1,300 ($16.88) target price on shares of Sse Plc in a report on Thursday, May 18th. Citigroup Inc. upgraded Sse Plc to a neutral rating and set a GBX 1,388 ($18.02) target price on the stock in a report on Friday, July 28th. Finally, Berenberg Bank restated a buy rating and set a GBX 1,650 ($21.42) target price on shares of Sse Plc in a report on Monday, June 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 1,542.50 ($20.02).
Shares of Sse Plc (SSE) opened at 1410.00 on Monday. The firm’s market cap is GBX 14.28 billion. Sse Plc has a 1-year low of GBX 1,373.00 and a 1-year high of GBX 1,612.00. The stock has a 50 day moving average price of GBX 1,441.89 and a 200-day moving average price of GBX 1,478.21.
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The company also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, July 27th will be paid a dividend of GBX 63.90 ($0.83) per share. This represents a yield of 4.4%. This is a positive change from Sse Plc’s previous dividend of $27.40. The ex-dividend date of this dividend is Thursday, July 27th.
In related news, insider Gregor Alexander sold 15,418 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 1,501 ($19.49), for a total transaction of £231,424.18 ($300,433.83). Insiders have purchased 31 shares of company stock worth $44,942 over the last 90 days.
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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