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Today
Goldman Sachs cuts SSE price target to 2,348 (2,430) pence - 'buy' A c. 38% gain from today's c.1675p !!
Looks like LSE website wrong for SSE TU !!
Just checked and its showing on the financial calendar on here that there is a trading update on 31.01.24 but on SSE website its stating Q3 update on 08.02.24.
Thanks schjmh. Hope they're good enough ?!!
blackgeorge, I don't think Broker Forecasts can be relied upon too much anyway in this volatile market !!
Trading update due on Wednesday.
SSE Stock 12 Months Forecast
Based on 8 Wall Street analysts offering 12 month price targets for SSE in the last 3 months. The average price target is 2,078.75p with a high forecast of 2,430.00p and a low forecast of 1,620.00p. The average price target represents a 19.47% change from the last price of 1,740.00p.
With the utmost respect driftking27 I respect the views of Peel Hunt Investment bank more than you who disagree with you. SSE is one of their top picks for their 2024 growth-focused list !! They probably take a longer time period view than you are soing and they have SSE on their Growth focused list. I'm quite aware of the Dividend cut, in SSE's case this is the right strategy to reduce its debt.
'You wouldn’t go jump off a cliff if I told you so would I ?? Seriously' Not relevant as no-one, except maybe you (?), are telling me what to do re SSE. And I'd probably laugh at you if you told me to do so !!
This is a sell, has been for last 2weeks.
Hope you got out of SSE.
CLUED.
So, here’s a thing. You wouldn’t go jump of a cliff if I told you so would I ?? Seriously.
Do your due diligence.
SSE has sliced there dividend to 3.5% from 5.7% to aid the growth it so badly needs and to help lower their debt burden if bowering to pay a sensible yield that is sustainable.
If you look at figures on financials you will see NG is better of and less risky, and has a yield that will continue to beat inflation each yr.
Driftking27, Peel Hunt Investment bank would disagree with you. SSE is one of their top picks for their 2024 growth-focused list !!
Views cemented in latest Morningside views
Should investors buy SSE for the upcoming dividend? It's looking like an unattractive opportunity, with its earnings per share declining, while, paying out an uncomfortably high percentage of both its profits (164%) and cash flow as dividends. Unless there are grounds to believe a turnaround is imminent, this is one of the least attractive dividend stocks under this analysis. Bottom line: SSE has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
Found this positive article about SSE v sector
https://www.marketbeat.com/stocks/LON/NG/competitors-and-alternatives/
Not see this term used by a broker in years. What are peoples perception ?
I m presuming that broker sees a decline then a gradual uptick?
That’s what I see, but I wouldn’t put STAY in CASH as comments.
Best of luck with your investments in 2024
Out of my 25-28, I’m making AZN, ABBVIE , CVX, GS, ROCHE, AMD, HSBC, BMY & DGE as my top investments already in for 2024.
Looking at charts, see SSE falling back to sun 1800p over next 30 days.
The RSI is extremely LOW and weak.
So I'm out, and pocketing the profit.
The next 2 months are quiet months , so not sure we will see any highs for awhile, based on strong news from both FEDS & BOE.
both utilities and telecoms are going to continue to underperform I believe from here on...
Might consider re- buying NG in new yr
Could we see a new high of 2000p + by January!!
Looking good after some possitive news, and also the choice to reduce that hefty dividend at last. I for one can definitely see 2000p+
Only have 500 at 1525p
Added moderate size last week, for medium/longer term view.
1803p hard, if all goes well this week, budget ect, 1847p then 1893p for eow.
Wow Charts bang on today, reckoned 1797,by usa open in 5 mins, 1803p could come sooner, but Fridays book balance will drop as usual, folks don't like weekend positions.
It's hitting a brick wall at 1788p attempting to break. But gets sold into there's 1797p next wall. Once 1790p broke usa looks good for later. Then poss 1803p Monday, so my map charting give to me. Breakfast time kippers on toast Fridays. 😋
Many thanks for that FF.
Although TBH I'm not any clearer on the maths & how it affects future income streams.
I do know though that I'm here for the long term and that this has been my most successful company in the 4 years since i invested.
Https://www.gov.uk/government/news/boost-for-offshore-wind-as-government-raises-maximum-prices-in-renewable-energy-auction.
Nelly explains here.
Am i missing something? I can't believe that the confirmation of a 66% increase in tariffs paid to us only increases the SP by 1.5%.
Does the tariff only apply to future developments or something - I'm struggling to believe an increase of this magnitude was already priced in??
How much doe a MW of gas produced electricity cost to produce?
Off shore wind per MW
was £44 p MW, govs raised to £77pmw. Great news for us hence £18.10,dropping off though, GS target £24
G
Yes.
Full list of dates and other shares can be found at www.dividendmax.com
This should help.
Price paid for offshore power to rise by 50%
https://www.bbc.co.uk/news/business-67430888