SSE (OTCMKTS:SSEZY) Receives New Coverage from Analysts at Peel Hunt

Peel Hunt began coverage on shares of SSE (OTCMKTS:SSEZY – Get Rating) in a research note published on Monday morning, The Fly reports. The firm issued a buy rating on the technology company’s stock.

SSEZY has been the subject of a number of other research reports. Royal Bank of Canada upgraded SSE from a sector perform rating to an outperform rating in a research report on Tuesday, November 22nd. Citigroup boosted their price objective on SSE from GBX 1,486 ($18.11) to GBX 1,664 ($20.28) in a research report on Friday, November 18th. Finally, Jefferies Financial Group lowered SSE from a buy rating to a hold rating in a research report on Tuesday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,988.00.

SSE Stock Performance

OTCMKTS:SSEZY opened at $20.94 on Monday. SSE has a 12-month low of $15.70 and a 12-month high of $24.18. The business has a 50 day simple moving average of $20.86 and a 200 day simple moving average of $19.75.

SSE Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 16th. Shareholders of record on Friday, January 13th will be given a dividend of $0.3246 per share. The ex-dividend date is Thursday, January 12th. This represents a yield of 4.69%.

About SSE

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SSE Plc engages in the generation, transmission, distribution, and supply of electricity. It operates through the following segments: Networks, Retail, and Wholesale. The Networks segment includes electricity distribution, electricity transmission, and gas distribution. The Retail segment comprises the business energy, airtricity, and enterprise.