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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

(SSE)
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SSE : business to invest £2.3 million in power supply upgrades

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06/25/2020 | 11:08am EDT
FILE PHOTO: An SSE company logo is seen on signage outside the Pitlochry Dam hydro electric power station in Pitlochry

British utility SSE' s networks business, Scottish and Southern Electricity Networks, said on Thursday it will invest 2.3 million pounds in upgrades to electricity transmission infrastructure in southern England.

One of the projects involves upgrading and replacing underground cables to power 38,000 homes and businesses in Andover at a cost of 1.1 million pounds.

The other project, valued at 1.3 million pounds, will involve the upgrade of an underground cable in Bournemouth, increasing the capacity of the area's power supply to reach 14,000 local customers.

(Reporting by Nina Chestney; editing by Barbara Lewis)

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Sales 2021 6 823 M 8 563 M 8 563 M
Net income 2021 713 M 895 M 895 M
Net Debt 2021 10 498 M 13 175 M 13 175 M
P/E ratio 2021 19,0x
Yield 2021 5,93%
Capitalization 14 069 M 17 732 M 17 657 M
EV / Sales 2020
EV / Sales 2021 3,60x
Nbr of Employees 11 676
Free-Float 99,1%
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Mean consensus HOLD
Number of Analysts 19
Average target price 1 384,24 GBX
Last Close Price 1 363,50 GBX
Spread / Highest target 25,9%
Spread / Average Target 1,52%
Spread / Lowest Target -19,3%
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Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Independent Non-Executive Director
Sue Bruce Independent Non-Executive Director
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