Sse Plc (SSE) Stock Rating Reaffirmed by HSBC Holdings plc

HSBC Holdings plc reaffirmed their buy rating on shares of Sse Plc (LON:SSE) in a research note released on Friday morning. HSBC Holdings plc currently has a GBX 1,530 ($20.12) price objective on the stock.

A number of other brokerages have also weighed in on SSE. Citigroup Inc. raised shares of Sse Plc to a neutral rating and set a GBX 1,388 ($18.26) target price on the stock in a research note on Friday, July 28th. Morgan Stanley reaffirmed an overweight rating on shares of Sse Plc in a research note on Tuesday, October 31st. Deutsche Bank AG reaffirmed a sell rating and set a GBX 1,300 ($17.10) target price on shares of Sse Plc in a research note on Friday, November 3rd. Credit Suisse Group raised shares of Sse Plc to an outperform rating and set a GBX 1,500 ($19.73) target price on the stock in a research note on Monday, August 14th. Finally, Royal Bank Of Canada cut their target price on shares of Sse Plc from GBX 1,750 ($23.02) to GBX 1,550 ($20.39) and set an outperform rating on the stock in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 1,531.43 ($20.14).

Shares of Sse Plc (LON:SSE) opened at GBX 1,344 ($17.68) on Friday. Sse Plc has a twelve month low of GBX 1,341 ($17.64) and a twelve month high of GBX 1,578 ($20.75).

Sse Plc (LON:SSE) last announced its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 30.30 ($0.40) by GBX 0.90 ($0.01). The firm had revenue of GBX 1,218.41 billion for the quarter. Sse Plc had a net margin of 6.57% and a return on equity of 40.09%.

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The company also recently announced a dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, January 18th will be issued a GBX 28.40 ($0.37) dividend. The ex-dividend date is Thursday, January 18th. This represents a yield of 2.09%.

About Sse Plc

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.

Analyst Recommendations for Sse Plc (LON:SSE)

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