Analysts Set SSE plc (OTCMKTS:SSEZY) Target Price at $1,988.00

SSE plc (OTCMKTS:SSEZY – Get Rating) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $1,988.00.

SSEZY has been the subject of several analyst reports. Jefferies Financial Group downgraded SSE from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. Peel Hunt assumed coverage on SSE in a report on Monday. They set a “buy” rating on the stock. Royal Bank of Canada raised SSE from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, November 22nd. Finally, Citigroup increased their price target on SSE from GBX 1,486 ($18.11) to GBX 1,664 ($20.28) in a research note on Friday, November 18th.

SSE Stock Performance

OTCMKTS:SSEZY opened at $20.74 on Monday. SSE has a 52 week low of $15.70 and a 52 week high of $24.18. The stock’s fifty day moving average is $20.91 and its two-hundred day moving average is $19.76.

SSE Cuts Dividend

The company also recently disclosed 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. This represents a yield of 4.69%. The ex-dividend date is Thursday, January 12th.

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.