SSE (LON:SSE) Price Target Raised to GBX 2,925

Key Points

• JPMorgan raised its price target on SSE to GBX 2,925 and kept an "overweight" rating, implying about a 9.1% upside from the prior close.
• Broker activity has been bullish overall — Jefferies lifted its target to GBX 3,060 and Deutsche Bank to GBX 2,500 — and the stock's consensus remains a "Moderate Buy" with an average target of GBX 2,549.43 (5 buys, 1 hold, 1 sell).
• SSE traded near GBX 2,681 midday (market cap £32.32bn) with a P/E of 30.85 and a 52-week range of GBX 1,468–2,763, placing the share price close to several recent analyst targets.

SSE (LON:SSE - Get Free Report) had its price target upped by JPMorgan Chase & Co. from GBX 2,580 to GBX 2,925 in a research note issued on Wednesday,London Stock Exchange reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 9.10% from the company's previous close.

A number of other analysts also recently commented on the stock. Citigroup boosted their price target on shares of SSE from GBX 1,997 to GBX 2,036 and gave the stock a "sell" rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of SSE from GBX 2,350 to GBX 2,500 and gave the company a "buy" rating in a report on Monday, January 19th. Jefferies Financial Group boosted their target price on SSE from GBX 2,510 to GBX 3,060 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Finally, UBS Group restated a "neutral" rating and issued a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,549.43.

SSE Stock Performance

Shares of LON SSE traded up GBX 86 during midday trading on Wednesday, reaching GBX 2,681. 2,788,540 shares of the company traded hands, compared to its average volume of 24,586,469. The company has a market cap of £32.32 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.06 and a beta of 0.67. The stock has a 50-day moving average price of GBX 2,562.50 and a 200 day moving average price of GBX 2,214.68. SSE has a 52 week low of GBX 1,468 and a 52 week high of GBX 2,763. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50.

Insider Activity

In other SSE news, insider Martin Pibworth acquired 19 shares of the stock in a transaction dated Friday, January 30th. The shares were bought at an average price of GBX 2,423 per share, with a total value of £460.37. Over the last 90 days, insiders have purchased 21 shares of company stock valued at $50,980. Insiders own 0.16% of the company's stock.

SSE Company Profile

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world's fastest-growing electricity networks companies. This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers. SSE's more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.

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