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

SSE (LON:SSE) had its price target upped by JPMorgan Chase & Co. from GBX 2,050 ($25.95) to GBX 2,075 ($26.26) in a research report issued on Friday, Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 24.48% from the stock’s current price.

Separately, Berenberg Bank dropped their target price 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 report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, SSE presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,959 ($24.79).

SSE Trading Up 3.6 %

SSE traded up GBX 58.50 ($0.74) on Friday, reaching GBX 1,667 ($21.10). 2,660,461 shares of the company’s stock were exchanged, compared to its average volume of 3,634,774. The company’s 50 day moving average is GBX 1,613.82 and its 200-day moving average 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. SSE has a twelve month low of GBX 1,485 ($18.80) and a twelve month high of GBX 1,932.50 ($24.46). The company has a debt-to-equity ratio of 84.31, a quick ratio of 0.50 and a current ratio of 0.91.

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.