Sse Plc (SSE) Insider Purchases £33,510 in Stock
Sse Plc (LON:SSE) insider Peter Lynas purchased 3,000 shares of SSE stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average price of GBX 1,117 ($14.60) per share, for a total transaction of £33,510 ($43,786.75).
Shares of LON:SSE opened at GBX 1,104.50 ($14.43) on Tuesday. Sse Plc has a 1 year low of GBX 1,176.50 ($15.37) and a 1 year high of GBX 1,554 ($20.31).
SSE (LON:SSE) last announced its quarterly earnings results on Wednesday, November 14th. The company reported GBX 19.60 ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 13.40 ($0.18) by GBX 6.20 ($0.08).
A number of brokerages recently issued reports on SSE. Deutsche Bank restated a “buy” rating and set a GBX 1,250 ($16.33) price target on shares of SSE in a report on Monday, November 12th. Royal Bank of Canada set a GBX 1,350 ($17.64) price target on SSE and gave the company a “neutral” rating in a report on Wednesday, September 12th. UBS Group restated a “buy” rating on shares of SSE in a report on Monday. HSBC downgraded SSE to a “hold” rating and reduced their price target for the company from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a report on Friday, September 14th. Finally, JPMorgan Chase & Co. reduced their price target on SSE from GBX 1,450 ($18.95) to GBX 1,230 ($16.07) and set a “neutral” rating on the stock in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,350.38 ($17.65).
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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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