Shares of SSE plc (LON:SSE) fell 0.1% on Friday after J P Morgan Chase & Co lowered their price target on the stock from GBX 1,540 to GBX 1,450. J P Morgan Chase & Co currently has a neutral rating on the stock. SSE traded as low as GBX 1,318 ($17.74) and last traded at GBX 1,324 ($17.82). 2,748,880 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 4,030,000 shares. The stock had previously closed at GBX 1,322.81 ($17.80).

SSE has been the topic of several other research reports. Deutsche Bank restated a “sell” rating and issued a GBX 1,300 ($17.50) price target on shares of SSE in a research report on Friday, August 25th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,550 ($20.86) price target on shares of SSE in a research report on Tuesday, November 28th. Citigroup restated a “neutral” rating and issued a GBX 1,388 ($18.68) price target on shares of SSE in a research report on Wednesday, November 8th. Barclays restated an “overweight” rating and issued a GBX 1,665 ($22.41) price target on shares of SSE in a research report on Wednesday, November 8th. Finally, Macquarie restated an “outperform” rating and issued a GBX 1,475 ($19.85) price target on shares of SSE in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. SSE has a consensus rating of “Buy” and an average target price of GBX 1,534.93 ($20.66).

SSE (LON:SSE) last released its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). SSE had a return on equity of 40.09% and a net margin of 6.57%. The company had revenue of GBX 1,218.41 billion for the quarter.

The company also recently declared a dividend, which will be paid on Friday, March 16th. Investors of record on Thursday, January 18th will be issued a GBX 28.40 ($0.38) dividend. This represents a dividend yield of 2.09%. The ex-dividend date is Thursday, January 18th.

COPYRIGHT VIOLATION NOTICE: “SSE (SSE) Shares Down 0.1% on Analyst Downgrade” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/sse-sse-shares-down-0-1-on-analyst-downgrade/1752874.html.

About SSE

SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.

Receive News & Ratings for SSE plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE plc and related companies with Analyst Ratings Network's FREE daily email newsletter.