SSE PLC (OTCMKTS:SSEZY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Sse Plc (OTCMKTS:SSEZY) has received an average rating of "Moderate Buy" from analysts, with three hold ratings, two buy ratings, and two strong buy ratings.
• The company recently announced a dividend of $0.537, significantly higher than the previous dividend of $0.27, reflecting a 310.0% yield.
• SSE's stock shows a fifty-two week range between $18.60 and $27.32, currently trading around $22.48.

SSE PLC (OTCMKTS:SSEZY - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company.

Several equities research analysts have recently weighed in on the company. Zacks Research cut SSE from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. Morgan Stanley reissued an "overweight" rating on shares of SSE in a research note on Friday, May 23rd.

SSE Stock Performance

Shares of SSEZY stock traded up $0.23 on Tuesday, hitting $22.67. The company had a trading volume of 63,999 shares, compared to its average volume of 64,979. The stock's 50-day moving average is $24.38 and its two-hundred day moving average is $23.10. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68. SSE has a twelve month low of $18.60 and a twelve month high of $27.32.

SSE Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, July 28th will be paid a dividend of $0.537 per share. This is an increase from SSE's previous dividend of $0.27. This represents a yield of 310.0%. The ex-dividend date of this dividend is Friday, July 25th.

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.