Deutsche Bank AG Reiterates “Sell” Rating for Sse Plc (SSE)

Sse Plc (LON:SSE)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. They currently have a GBX 1,300 ($16.45) price target on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 12.75% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. HSBC Holdings plc cut shares of Sse Plc to a “hold” rating and decreased their price target for the stock from GBX 1,740 ($22.01) to GBX 1,620 ($20.49) in a research report on Friday, March 24th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,695 ($21.44) price target on shares of Sse Plc in a research report on Monday, March 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sse Plc in a research report on Wednesday, April 19th. Berenberg Bank raised shares of Sse Plc to a “buy” rating and upped their price target for the stock from GBX 1,550 ($19.61) to GBX 1,650 ($20.87) in a research report on Tuesday, April 11th. Finally, Citigroup Inc. cut shares of Sse Plc to a “sell” rating and set a GBX 1,344 ($17.00) price target for the company. in a research report on Tuesday, March 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Sse Plc presently has an average rating of “Hold” and a consensus price target of GBX 1,547.31 ($19.57).

Analyst Recommendations for Sse Plc (LON:SSE)

Shares of Sse Plc (SSE) opened at 1490.00 on Wednesday. Sse Plc has a 52 week low of GBX 1,369.00 and a 52 week high of GBX 1,644.00. The stock has a 50 day moving average price of GBX 1,468.44 and a 200 day moving average price of GBX 1,500.60. The firm’s market capitalization is GBX 15.05 billion.

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 GBX 63.90 ($0.81) dividend. The ex-dividend date is Thursday, July 27th. This represents a yield of 4.4%. This is a positive change from Sse Plc’s previous dividend of $27.40.

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About Sse Plc

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.

Stock Target Prices

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