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

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.

Shares of SSE PLC (OTCMKTS:SSEZY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company.

SSEZY has been the subject of several analyst reports. Zacks Research downgraded shares of 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 OTCMKTS:SSEZY traded up $0.23 during midday trading on Tuesday, hitting $22.67. 63,999 shares of the stock were exchanged, compared to its average volume of 65,771. 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. The company has a 50 day moving average price of $24.38 and a 200-day moving average price of $23.15.

SSE Increases Dividend

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

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.