Trade Report: The Macquarie Reaffirmed “Outperform” Rating for Sse Plc (SSE)

The Macquarie Reaffirmed “Outperform” Rating for Sse Plc (SSE)

Macquarie restated their outperform rating on shares of Sse Plc (LON:SSE) in a research note issued to investors on Wednesday morning. They currently have a GBX 1,700 ($21.24) target price on the stock.

SSE has been the subject of several other reports. Credit Suisse Group AG reaffirmed a neutral rating and set a GBX 1,550 ($19.37) target price on shares of Sse Plc in a research report on Friday, August 26th. JPMorgan Chase & Co. decreased their target price on Sse Plc from GBX 1,625 ($20.30) to GBX 1,600 ($19.99) and set a neutral rating for the company in a research report on Thursday, September 15th. Barclays PLC reaffirmed an overweight rating and set a GBX 1,675 ($20.93) target price on shares of Sse Plc in a research report on Tuesday, September 27th. Deutsche Bank AG raised their target price on Sse Plc from GBX 1,400 ($17.49) to GBX 1,470 ($18.37) and gave the company a hold rating in a research report on Monday, September 12th. Finally, Societe Generale reaffirmed a sell rating and set a GBX 1,320 ($16.49) target price on shares of Sse Plc in a research report on Tuesday, October 18th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Sse Plc currently has an average rating of Hold and a consensus price target of GBX 1,542.38 ($19.27).

Sse Plc (LON:SSE) opened at 1494.00 on Wednesday. The firm’s market cap is GBX 15.06 billion. Sse Plc has a 52 week low of GBX 1,317.00 and a 52 week high of GBX 1,644.00. The firm’s 50-day moving average price is GBX 1,526.46 and its 200 day moving average price is GBX 1,534.79.

The business also recently announced a dividend, which will be paid on Friday, March 17th. Shareholders of record on Thursday, January 19th will be paid a GBX 27.40 ($0.34) dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a yield of 1.79%.

In related news, insider Katie Bickerstaffe bought 677 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was acquired at an average price of GBX 1,461 ($18.25) per share, for a total transaction of £9,890.97 ($12,357.53).

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