SSE (SSE) Stock Rating Reaffirmed by Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of SSE (LON:SSE) in a report released on Tuesday morning. They currently have a GBX 1,298 ($16.96) target price on the stock.

A number of other equities research analysts have also recently commented on SSE. Citigroup reaffirmed a neutral rating and set a GBX 1,203 ($15.72) price objective on shares of SSE in a research note on Thursday, September 13th. Royal Bank of Canada set a GBX 1,350 ($17.64) price objective on SSE and gave the stock a neutral rating in a research note on Wednesday, September 12th. Deutsche Bank reissued a sell rating on shares of SSE in a research note on Thursday, September 13th. JPMorgan Chase & Co. decreased their target price on SSE from GBX 1,230 ($16.07) to GBX 1,200 ($15.68) and set a neutral rating for the company in a research note on Tuesday, December 11th. Finally, HSBC cut SSE to a hold rating and decreased their target price for the company from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a research note on Friday, September 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 1,316.78 ($17.21).

LON SSE opened at GBX 1,154.50 ($15.09) on Tuesday. SSE has a 52 week low of GBX 1,176.50 ($15.37) and a 52 week high of GBX 1,554 ($20.31).

SSE (LON:SSE) last announced its quarterly earnings data on Wednesday, November 14th. The company reported GBX 19.60 ($0.26) EPS for the quarter, topping analysts’ consensus estimates of GBX 13.40 ($0.18) by GBX 6.20 ($0.08).

The business also recently announced a dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, January 17th will be issued a dividend of GBX 29.30 ($0.38) per share. The ex-dividend date of this dividend is Thursday, January 17th. This represents a yield of 2.59%.

In other SSE news, insider Peter Lynas acquired 3,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were purchased at an average price of GBX 1,117 ($14.60) per share, for a total transaction of £33,510 ($43,786.75).

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

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Analyst Recommendations for SSE (LON:SSE)

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