SSE (LON:SSE) Price Target Raised to GBX 2,425 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised the price target for SSE (LON:SSE) from GBX 2,300 to GBX 2,425, indicating a potential upside of 48.77% based on the current stock price.
• SSE's stock opened at GBX 1,630, and the company has a market cap of £17.93 billion with various financial ratios indicative of its current performance.
• Insider transactions include a sale of 78,149 shares over the last three months, indicating significant movement among company executives.

SSE (LON:SSE - Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from GBX 2,300 to GBX 2,425 in a report released on Tuesday,London Stock Exchange reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 48.77% from the company's current price.

SSE Price Performance

LON:SSE opened at GBX 1,630 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The business's 50-day simple moving average is GBX 1,829.77 and its two-hundred day simple moving average is GBX 1,700.77. The stock has a market cap of £17.93 billion, a PE ratio of 1,507.86, a P/E/G ratio of 3.06 and a beta of 0.56. SSE has a 52 week low of GBX 1,446.89 and a 52 week high of GBX 2,019.

Insider Transactions at SSE

In other news, insider Martin Pibworth sold 28,449 shares of SSE stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 1,754, for a total value of £498,995.46. Also, insider Alistair Phillips-Davies sold 43,145 shares of SSE stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 1,755, for a total value of £757,194.75. Over the last three months, insiders have bought 20 shares of company stock valued at $35,744 and have sold 78,149 shares valued at $137,123,046. Insiders own 0.15% of the company's stock.

SSE Company Profile

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation. Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.

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