SSE (LON:SSE) Stock Crosses Above Two Hundred Day Moving Average of $1,577.19

SSE plc (LON:SSE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,577.19 ($20.61) and traded as high as GBX 1,612.50 ($21.07). SSE shares last traded at GBX 1,604 ($20.96), with a volume of 6,009,556 shares trading hands.

Several brokerages have recently weighed in on SSE. Morgan Stanley reissued an “overweight” rating on shares of SSE in a research note on Monday, November 15th. Credit Suisse Group raised their price target on shares of SSE from GBX 1,400 ($18.29) to GBX 1,600 ($20.90) and gave the stock a “neutral” rating in a research note on Wednesday, September 8th. Berenberg Bank raised their price target on shares of SSE from GBX 1,300 ($16.98) to GBX 1,690 ($22.08) and gave the stock a “hold” rating in a research note on Wednesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,800 ($23.52) price target on shares of SSE in a research note on Thursday, November 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SSE currently has a consensus rating of “Hold” and a consensus target price of GBX 1,637.38 ($21.39).

The company has a debt-to-equity ratio of 148.51, a quick ratio of 0.83 and a current ratio of 1.29. The company’s fifty day simple moving average is GBX 1,615.11 and its 200-day simple moving average is GBX 1,577.19. The company has a market capitalization of £17.09 billion and a P/E ratio of 7.35.

The firm also recently announced a dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, January 13th will be issued a dividend of GBX 25.50 ($0.33) per share. This represents a yield of 1.65%. The ex-dividend date is Thursday, January 13th. SSE’s payout ratio is 0.37%.

About SSE (LON:SSE)

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.

Read More: What are the advantages of the Stochastic Momentum Index?

Receive News & Ratings for SSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE and related companies with MarketBeat.com's FREE daily email newsletter.