SSE plc (LON:SSE) Insider Alistair Phillips-Davies Acquires 8 Shares of Stock

SSE plc (LON:SSEGet Rating) insider Alistair Phillips-Davies acquired 8 shares of SSE stock in a transaction dated Friday, January 6th. The shares were acquired at an average price of GBX 1,652 ($20.13) per share, with a total value of £132.16 ($161.01).

SSE Price Performance

Shares of LON:SSE opened at GBX 1,674 ($20.39) on Wednesday. The company’s fifty day moving average is GBX 1,681.64 and its two-hundred day moving average is GBX 1,681.95. The company has a quick ratio of 0.50, a current ratio of 1.01 and a debt-to-equity ratio of 95.17. SSE plc has a 12-month low of GBX 1,405 ($17.12) and a 12-month high of GBX 1,935.50 ($23.58). The company has a market cap of £18.09 billion and a P/E ratio of 1,708.16.

SSE Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, January 12th will be issued a dividend of GBX 29 ($0.35) per share. This represents a dividend yield of 1.76%. The ex-dividend date is Thursday, January 12th. SSE’s dividend payout ratio is currently 87.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,100 ($25.58) price objective on shares of SSE in a research report on Wednesday, October 12th. Citigroup restated a “neutral” rating and issued a GBX 1,664 ($20.27) target price on shares of SSE in a research report on Friday, November 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,900 ($23.15) target price on shares of SSE in a research report on Thursday, November 17th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,750 ($21.32) target price on shares of SSE in a research report on Friday, September 16th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 1,835 ($22.36) price target on shares of SSE in a report on Thursday, December 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,928.43 ($23.49).

About SSE

(Get Rating)

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.

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