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

SSE (LON:SSEGet Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from GBX 2,125 ($26.97) to GBX 2,050 ($26.02) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “top pick” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 24.24% from the company’s previous close.

Several other research analysts have also recently weighed in on SSE. Royal Bank of Canada upped their price target on shares of 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. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,620 ($20.56) target price on shares of SSE in a research report on Wednesday, November 15th. Finally, Berenberg Bank cut their target price on shares of SSE from GBX 2,300 ($29.19) to GBX 2,000 ($25.38) and set a “buy” rating for the company in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,954 ($24.80).

Read Our Latest Stock Report on SSE

SSE Trading Down 0.7 %

SSE stock opened at GBX 1,650 ($20.94) on Thursday. The stock has a market cap of £17.99 billion, a P/E ratio of 3,113.21, a PEG ratio of 3.21 and a beta of 0.57. SSE has a fifty-two week low of GBX 1,485 ($18.85) and a fifty-two week high of GBX 1,932.50 ($24.53). The firm’s fifty day moving average price is GBX 1,690.82 and its 200-day moving average price is GBX 1,693.13. 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

(Get Free Report)

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.

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Analyst Recommendations for SSE (LON:SSE)

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