SSE (LON:SSE) Stock Passes Above 200-Day Moving Average of $1,720.39

SSE plc (LON:SSEGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,720.39 ($21.86) and traded as high as GBX 1,843 ($23.42). SSE shares last traded at GBX 1,840 ($23.38), with a volume of 2,626,418 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SSE shares. JPMorgan Chase & Co. increased their target price on shares of SSE from GBX 2,050 ($26.05) to GBX 2,075 ($26.37) and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,050 ($26.05) target price on shares of SSE in a report on Tuesday, May 28th. Finally, Berenberg Bank cut their target price on shares of SSE from GBX 2,300 ($29.22) to GBX 2,000 ($25.41) and set a “buy” rating on the stock in a report on Friday, March 1st.

View Our Latest Research Report on SSE

SSE Trading Down 0.9 %

The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 84.31. The business’s fifty day moving average is GBX 1,748.37 and its 200 day moving average is GBX 1,720.21. The firm has a market capitalization of £19.88 billion, a price-to-earnings ratio of 3,441.51, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57.

SSE Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, July 25th will be issued a dividend of GBX 40 ($0.51) per share. This represents a dividend yield of 2.22%. This is a positive change from SSE’s previous dividend of $20.00. The ex-dividend date of this dividend is Thursday, July 25th. SSE’s dividend payout ratio (DPR) is presently 16,603.77%.

SSE Company Profile

(Get Free Report)

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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