Several other equities analysts have also issued reports on SSE. Deutsche Bank reiterated a sell rating and issued a GBX 1,300 ($17.38) target price on shares of SSE in a research note on Wednesday, September 6th. cut their target price on SSE from GBX 1,590 ($21.26) to GBX 1,530 ($20.46) and set a buy rating on the stock in a research note on Thursday, October 5th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 1,540 ($20.59) target price on shares of SSE in a research note on Thursday, October 26th. Macquarie reiterated an outperform rating and issued a GBX 1,475 ($19.72) target price on shares of SSE in a research note on Thursday, October 26th. Finally, Morgan Stanley reiterated an overweight rating on shares of SSE in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. SSE currently has an average rating of Buy and an average price target of GBX 1,534.93 ($20.52).
Shares of SSE (LON:SSE) traded up GBX 3 ($0.04) during trading on Wednesday, hitting GBX 1,300 ($17.38). The stock had a trading volume of 3,630,000 shares, compared to its average volume of 3,390,000. The stock has a market capitalization of $13,190.00 and a price-to-earnings ratio of 962.96. SSE has a 1 year low of GBX 1,272.97 ($17.02) and a 1 year high of GBX 1,578 ($21.10).
SSE (LON:SSE) last announced its quarterly earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) EPS for the quarter, beating the consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). SSE had a return on equity of 9.69% and a net margin of 2.93%. The firm had revenue of GBX 1,218.41 billion for the quarter.
The firm also recently declared a dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, January 18th will be issued a GBX 28.40 ($0.38) dividend. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, January 18th.
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SSE 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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