SSE (LON:SSE) PT Raised to GBX 2,075 at JPMorgan Chase & Co.

SSE (LON:SSE - Get Free Report) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from GBX 2,050 ($25.95) to GBX 2,075 ($26.26) in a research note issued on Friday, MarketBeat reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 24.48% from the company's current price.

Separately, Berenberg Bank cut their price target on shares of SSE from GBX 2,300 ($29.11) to GBX 2,000 ($25.31) and set a "buy" rating for the company in a research note on Friday, March 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 1,959 ($24.79).

SSE Price Performance

Shares of LON SSE traded up GBX 58.50 ($0.74) during midday trading on Friday, hitting GBX 1,667 ($21.10). 2,705,803 shares of the company's stock were exchanged, compared to its average volume of 3,634,774. The business's fifty day moving average price is GBX 1,613.82 and its two-hundred day moving average price is GBX 1,690.39. The company has a market cap of £18.17 billion, a price-to-earnings ratio of 3,145.28, a PEG ratio of 3.21 and a beta of 0.57. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 84.31. SSE has a 12-month low of GBX 1,485 ($18.80) and a 12-month high of GBX 1,932.50 ($24.46).

SSE Company Profile

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.