SSE (LON:SSE) Stock Passes Above 200-Day Moving Average of $1,718.07

SSE plc (LON:SSE - Get Free Report)'s stock price passed 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.

Analysts Set New Price Targets

A number of brokerages have weighed in on SSE. Berenberg Bank reduced their price target on SSE from GBX 2,300 ($29.18) to GBX 2,000 ($25.37) and set a "buy" rating for the company in a research report on Friday, March 1st. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,050 ($26.01) price target on shares of SSE in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on SSE from GBX 2,050 ($26.01) to GBX 2,075 ($26.32) and gave the stock an "overweight" rating in a research report on Friday, April 12th.

SSE Stock Performance

The company has a market capitalization of £19.51 billion, a P/E ratio of 3,376.42, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The firm has a 50 day moving average price of GBX 1,765.09 and a two-hundred day moving average price of GBX 1,717.18. The company has a debt-to-equity ratio of 84.31, a quick ratio of 0.50 and a current ratio of 0.91.

SSE Increases Dividend

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

About 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.