Shares of Sse Plc (LON:SSE) have received an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,242 ($16.23).

A number of brokerages recently weighed in on SSE. Sanford C. Bernstein decreased their price target on shares of SSE from GBX 1,360 ($17.77) to GBX 1,305 ($17.05) and set an “outperform” rating for the company in a research report on Thursday, June 6th. Deutsche Bank reaffirmed a “hold” rating on shares of SSE in a research report on Friday, July 12th. Goldman Sachs Group decreased their price target on shares of SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a “buy” rating for the company in a research report on Thursday, June 6th. HSBC reaffirmed a “hold” rating and set a GBX 1,150 ($15.03) price target (down from GBX 1,250 ($16.33)) on shares of SSE in a research report on Monday, May 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of SSE in a research report on Monday, July 15th.

In other SSE news, insider Martin Pibworth sold 10,946 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 1,116 ($14.58), for a total value of £122,157.36 ($159,620.23). Also, insider Crawford S. Gillies acquired 1,950 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was purchased at an average price of GBX 1,119 ($14.62) per share, for a total transaction of £21,820.50 ($28,512.35).

Shares of LON SSE traded down GBX 6 ($0.08) during trading on Friday, hitting GBX 1,104 ($14.43). 3,656,838 shares of the company traded hands, compared to its average volume of 4,270,000. The stock has a 50-day moving average of GBX 1,125.19. The company has a debt-to-equity ratio of 167.40, a current ratio of 1.03 and a quick ratio of 0.41. SSE has a 1 year low of GBX 997.80 ($13.04) and a 1 year high of GBX 1,287 ($16.82). The company has a market cap of $11.33 billion and a price-to-earnings ratio of 8.01.

The firm also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 25th will be given a dividend of GBX 68.20 ($0.89) per share. This represents a yield of 6.65%. This is a boost from SSE’s previous dividend of $29.30. The ex-dividend date of this dividend is Thursday, July 25th. SSE’s dividend payout ratio is 0.70%.

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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