SSE (LON:SSE) Stock Passes Above 200 Day Moving Average of $1,177.65

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Sse Plc (LON:SSE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1,177.65 and traded as high as $1,290.50. SSE shares last traded at $1,280.00, with a volume of 3,376,159 shares traded.

A number of research analysts have recently commented on the company. Deutsche Bank raised their price target on SSE from GBX 1,150 ($15.03) to GBX 1,300 ($16.99) and gave the company a “hold” rating in a report on Tuesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of SSE in a report on Monday, November 11th. Berenberg Bank lowered shares of SSE to a “hold” rating and increased their target price for the company from GBX 1,280 ($16.73) to GBX 1,350 ($17.64) in a research report on Thursday, November 7th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,320 ($17.25) target price (down previously from GBX 1,370 ($17.90)) on shares of SSE in a research note on Thursday, September 19th. Finally, Barclays restated an “equal weight” rating on shares of SSE in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,292.54 ($16.89).

The company has a debt-to-equity ratio of 208.36, a quick ratio of 0.37 and a current ratio of 0.82. The stock has a 50 day moving average price of GBX 1,298.89 and a 200 day moving average price of GBX 1,178.64. The company has a market cap of $13.24 billion and a P/E ratio of 10.41.

The company also recently disclosed a dividend, which will be paid on Friday, March 13th. Stockholders of record on Thursday, January 16th will be issued a GBX 24 ($0.31) dividend. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.82%. SSE’s dividend payout ratio (DPR) is 0.75%.

SSE Company Profile (LON:SSE)

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.

Read More: What are some reasons analysts would give stocks a buy rating?

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