Sse Plc (SSE) Given Sell Rating at Deutsche Bank AG

Deutsche Bank AG reiterated their sell rating on shares of Sse Plc (LON:SSE) in a report issued on Thursday morning. They currently have a GBX 1,300 ($16.78) price objective on the stock.

SSE has been the topic of a number of other reports. Royal Bank of Canada reissued an outperform rating and issued a GBX 1,650 ($21.30) price objective on shares of Sse Plc in a report on Monday, January 30th. Morgan Stanley reissued an overweight rating on shares of Sse Plc in a report on Wednesday, April 19th. Macquarie reaffirmed an outperform rating and set a GBX 1,735 ($22.40) target price on shares of Sse Plc in a report on Tuesday, January 24th. Citigroup Inc reaffirmed a sell rating and set a GBX 1,300 ($16.78) target price on shares of Sse Plc in a report on Thursday, May 4th. Finally, Credit Suisse Group AG reaffirmed a neutral rating and set a GBX 1,550 ($20.01) target price on shares of Sse Plc in a report on Wednesday, January 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Sse Plc presently has an average rating of Hold and a consensus target price of GBX 1,547 ($19.97).

Analyst Recommendations for Sse Plc (LON:SSE)

Sse Plc (LON:SSE) traded up 1.14% during midday trading on Thursday, hitting GBX 1509.00. The company’s stock had a trading volume of 4,405,577 shares. Sse Plc has a one year low of GBX 1,369.00 and a one year high of GBX 1,644.00. The company’s 50-day moving average is GBX 1,452.20 and its 200 day moving average is GBX 1,500.17. The company’s market cap is GBX 15.26 billion.

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The business also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, July 27th will be issued a dividend of GBX 63.90 ($0.82) 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.

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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