SSE (SSE) Price Target Cut to GBX 1,450

SSE (LON:SSE) had its price target cut by J P Morgan Chase & Co from GBX 1,540 ($20.73) to GBX 1,450 ($19.52) in a research report sent to investors on Thursday. They currently have a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Macquarie reissued an outperform rating and set a GBX 1,475 ($19.85) price target on shares of SSE in a research report on Thursday, October 26th. Credit Suisse Group reissued an outperform rating and set a GBX 1,500 ($20.19) price target on shares of SSE in a research report on Thursday, November 2nd. Deutsche Bank reissued a sell rating and set a GBX 1,300 ($17.50) price target on shares of SSE in a research report on Friday, October 20th. Morgan Stanley reissued an overweight rating on shares of SSE in a research report on Tuesday, October 31st. Finally, Barclays reaffirmed an overweight rating and issued a GBX 1,665 ($22.41) target price on shares of SSE in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. SSE has an average rating of Buy and an average price target of GBX 1,534.93 ($20.66).

Shares of SSE (LON:SSE) opened at GBX 1,324.47 ($17.83) on Thursday. SSE has a 52-week low of GBX 1,309 ($17.62) and a 52-week high of GBX 1,578 ($21.24).

SSE (LON:SSE) last posted its quarterly earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share for the quarter, beating the consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). The firm had revenue of GBX 1,218.41 billion for the quarter. SSE had a return on equity of 40.09% and a net margin of 6.57%.

The firm also recently announced a dividend, which will be paid on Friday, March 16th. Investors of record on Thursday, January 18th will be paid a dividend of GBX 28.40 ($0.38) per share. The ex-dividend date is Thursday, January 18th. This represents a yield of 2.09%.

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About SSE

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 (LON:SSE)

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