Sse Plc (LON:SSE) shot up 0% during mid-day trading on Wednesday . The company traded as high as GBX 1,335 ($17.56) and last traded at GBX 1,355 ($17.82). 4,502,991 shares traded hands during trading, an increase of 31% from the average session volume of 3,450,000 shares. The stock had previously closed at GBX 1,355 ($17.82).
A number of research firms have issued reports on SSE. BNP Paribas restated an “outperform” rating and set a GBX 1,700 ($22.36) price target on shares of Sse Plc in a report on Friday, July 21st. Deutsche Bank AG restated a “sell” rating and set a GBX 1,300 ($17.10) price target on shares of Sse Plc in a report on Monday, July 24th. Barclays PLC restated an “overweight” rating and set a GBX 1,665 ($21.90) price target on shares of Sse Plc in a report on Wednesday, November 8th. Credit Suisse Group restated a “restricted” rating on shares of Sse Plc in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 1,540 ($20.26) price target on shares of Sse Plc in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Sse Plc currently has a consensus rating of “Buy” and a consensus target price of GBX 1,531.43 ($20.14).
Sse Plc (LON:SSE) last released its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.40) by GBX 0.90 ($0.01). The business had revenue of GBX 1,218.41 billion during the quarter. Sse Plc had a net margin of 6.57% and a return on equity of 40.09%.
The firm also recently declared a dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, January 18th will be paid a dividend of GBX 28.40 ($0.37) per share. This represents a yield of 2.09%. The ex-dividend date is Thursday, January 18th.
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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.
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