SSE (LON:SSE) Price Target Raised to GBX 2,425 at JPMorgan Chase & Co.

SSE (LON:SSE) had its price objective increased by JPMorgan Chase & Co. from GBX 2,300 to GBX 2,425 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

SSE Trading Down 3.7%

Shares of SSE stock opened at GBX 1,614.50 on Tuesday. The stock has a 50-day simple moving average of GBX 1,824.48 and a 200 day simple moving average of GBX 1,700.17. SSE has a fifty-two week low of GBX 1,446.89 and a fifty-two week high of GBX 2,019. The stock has a market capitalization of £17.76 billion, a P/E ratio of 1,493.52, a P/E/G ratio of 3.06 and a beta of 0.56. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62.

Insider Activity at SSE

In related news, insider Barry O’Regan sold 6,555 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 1,755, for a total transaction of £115,040.25. Also, insider Alistair Phillips-Davies sold 43,145 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 1,755, for a total value of £757,194.75. Over the last 90 days, insiders bought 20 shares of company stock valued at $35,744 and sold 78,149 shares valued at $137,123,046. Company insiders own 0.15% of the company’s stock.

SSE Company Profile

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.