JPMorgan Chase & Co. Raises SSE (LON:SSE) Price Target to GBX 1,100

SSE (LON:SSE) had its price objective hoisted by JPMorgan Chase & Co. from GBX 1,050 ($13.72) to GBX 1,100 ($14.37) in a report issued on Monday, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. HSBC reiterated a hold rating and issued a GBX 1,150 ($15.03) price target (down previously from GBX 1,250 ($16.33)) on shares of SSE in a report on Monday, May 20th. Sanford C. Bernstein cut their price target on shares of SSE from GBX 1,360 ($17.77) to GBX 1,305 ($17.05) and set an outperform rating on the stock in a report on Thursday, June 6th. Goldman Sachs Group cut their price target on shares of SSE from GBX 1,357 ($17.73) to GBX 1,293 ($16.90) and set a buy rating on the stock in a report on Thursday, June 6th. Barclays reiterated an underweight rating on shares of SSE in a report on Wednesday, June 19th. Finally, Macquarie reiterated a neutral rating and issued a GBX 1,140 ($14.90) price target on shares of SSE in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. SSE currently has an average rating of Hold and a consensus target price of GBX 1,205.67 ($15.75).

LON:SSE opened at GBX 1,228 ($16.05) on Monday. The stock has a market cap of $12.54 billion and a P/E ratio of 8.91. The firm’s fifty day simple moving average is GBX 1,128.42 and its 200 day simple moving average is GBX 1,135.49. SSE has a twelve month low of GBX 997.80 ($13.04) and a twelve month high of GBX 1,263.50 ($16.51). The company has a quick ratio of 0.41, a current ratio of 1.03 and a debt-to-equity ratio of 167.40.

In other news, insider Martin Pibworth sold 10,946 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 1,116 ($14.58), for a total transaction of £122,157.36 ($159,620.23).

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

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Analyst Recommendations for SSE (LON:SSE)

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