SSE (LON:SSE) Price Target Cut to GBX 2,050

SSE (LON:SSE) had its price target decreased by stock analysts at JPMorgan Chase & Co. from GBX 2,125 ($26.97) to GBX 2,050 ($26.02) in a report issued on Thursday, Digital Look reports. The brokerage currently has a “top pick” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 23.18% from the stock’s previous close.

SSE has been the topic of several other reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,620 ($20.56) price target on shares of SSE in a report on Wednesday, November 15th. Berenberg Bank reduced their price target on SSE from GBX 2,300 ($29.19) to GBX 2,000 ($25.38) and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, Royal Bank of Canada increased their price target on SSE from GBX 1,950 ($24.75) to GBX 2,050 ($26.02) and gave the stock an “outperform” rating in a report on Thursday, November 23rd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,954 ($24.80).

SSE Trading Down 0.3 %

SSE stock traded down GBX 4.25 ($0.05) during midday trading on Thursday, reaching GBX 1,664.26 ($21.12). 3,766,798 shares of the company traded hands, compared to its average volume of 4,099,152. SSE has a 52-week low of GBX 1,485 ($18.85) and a 52-week high of GBX 1,932.50 ($24.53). The company has a debt-to-equity ratio of 84.31, a quick ratio of 0.50 and a current ratio of 0.91. The business has a 50 day moving average of GBX 1,698.84 and a 200-day moving average of GBX 1,692.78. The firm has a market capitalization of £18.14 billion, a price-to-earnings ratio of 3,140.10, a P/E/G ratio of 3.21 and a beta of 0.57.

About SSE

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.