Credit Suisse Group Reiterates “Outperform” Rating for SSE (SSE)

Credit Suisse Group reissued their outperform rating on shares of SSE (LON:SSE) in a report issued on Thursday.

Several other equities research analysts have also recently weighed in on SSE. Royal Bank of Canada set a GBX 1,350 ($17.64) price target on shares of SSE and gave the company a neutral rating in a research report on Wednesday, September 12th. Deutsche Bank reissued a sell rating on shares of SSE in a research report on Thursday, September 13th. Citigroup reaffirmed a neutral rating and issued a GBX 1,203 ($15.72) target price on shares of SSE in a research report on Thursday, September 13th. HSBC cut shares of SSE to a hold rating and dropped their target price for the stock from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a research report on Friday, September 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of SSE from GBX 1,450 ($18.95) to GBX 1,230 ($16.07) and set a neutral rating for the company in a research report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 1,316.78 ($17.21).

SSE traded up GBX 2.50 ($0.03) during trading on Thursday, hitting GBX 1,154.50 ($15.09). 4,087,347 shares of the stock traded hands, compared to its average volume of 4,270,000. SSE has a 12-month low of GBX 1,176.50 ($15.37) and a 12-month 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 for the quarter, beating the Thomson Reuters’ consensus estimate 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. Stockholders of record on Thursday, January 17th will be given a GBX 29.30 ($0.38) dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a dividend yield of 2.59%.

In related news, insider Peter Lynas bought 3,000 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of GBX 1,117 ($14.60) per share, with a total value 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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