SSE PLC/S (SSEZY) Given Buy Rating at Goldman Sachs Group

Goldman Sachs Group reaffirmed their buy rating on shares of SSE PLC/S (OTCMKTS:SSEZY) in a research note released on Tuesday morning.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of SSE PLC/S from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Saturday, September 15th. Deutsche Bank upgraded shares of SSE PLC/S from a sell rating to a buy rating in a research note on Wednesday, September 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $16.00.

Shares of OTCMKTS:SSEZY opened at $14.87 on Tuesday. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 1.06 and a beta of 0.64. SSE PLC/S has a 1 year low of $12.88 and a 1 year high of $19.66.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, January 18th will be paid a dividend of $0.354 per share. The ex-dividend date of this dividend is Thursday, January 17th. SSE PLC/S’s payout ratio is 105.59%.

SSE PLC/S Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

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