SSE plc (LON:SSE – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,718.07 ($21.79) and traded as high as GBX 1,801 ($22.85). SSE shares last traded at GBX 1,789.50 ($22.70), with a volume of 1,815,763 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on SSE shares. JPMorgan Chase & Co. increased their target price on shares of SSE from GBX 2,050 ($26.01) to GBX 2,075 ($26.32) and gave the stock an “overweight” rating in a report on Friday, April 12th. Berenberg Bank dropped their target price on shares of SSE from GBX 2,300 ($29.18) to GBX 2,000 ($25.37) and set a “buy” rating for the company in a report on Friday, March 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,050 ($26.01) target price on shares of SSE in a report on Tuesday, May 28th.
Check Out Our Latest Analysis on SSE
SSE Stock Up 0.3 %
SSE Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, July 25th will be given a dividend of GBX 40 ($0.51) per share. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 2.22%. This is an increase from SSE’s previous dividend of $20.00. SSE’s dividend payout ratio (DPR) is 16,603.77%.
SSE Company Profile
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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