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

SSE (LON:SSE) had its price target boosted by JPMorgan Chase & Co. from GBX 2,050 ($25.95) to GBX 2,075 ($26.26) in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has an overweight rating on the stock.

Separately, Berenberg Bank cut their target price on shares of SSE from GBX 2,300 ($29.11) to GBX 2,000 ($25.31) and set a buy rating on the stock in a research report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, SSE presently has an average rating of Moderate Buy and an average price target of GBX 1,959 ($24.79).

SSE Stock Performance

SSE stock opened at GBX 1,667 ($21.10) on Friday. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 84.31. SSE has a 1 year low of GBX 1,485 ($18.80) and a 1 year high of GBX 1,932.50 ($24.46). The company has a market cap of £18.17 billion, a PE ratio of 3,145.28, a PEG ratio of 3.21 and a beta of 0.57. The company’s 50-day moving average is GBX 1,613.79 and its two-hundred day moving average is GBX 1,690.50.

SSE Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, January 11th were given a GBX 20 ($0.25) dividend. The ex-dividend date was Thursday, January 11th. This represents a dividend yield of 1.17%. SSE’s dividend payout ratio is 16,603.77%.

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.