JPMorgan Chase & Co. Issues Positive Forecast for SSE (LON:SSE) Stock Price

SSE (LON:SSE) had its target price lifted by JPMorgan Chase & Co. from GBX 2,580 to GBX 2,925 in a research note published on Wednesday morning,London Stock Exchange reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Citigroup lifted their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research note on Monday, January 26th. Jefferies Financial Group raised their target price on shares of SSE from GBX 2,510 to GBX 3,060 and gave the company a “buy” rating in a report on Wednesday, March 18th. UBS Group restated a “neutral” rating and issued a GBX 2,350 price target on shares of SSE in a research report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a research report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,549.43.

SSE Trading Up 0.4%

Shares of SSE stock opened at GBX 2,686 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. The stock has a market capitalization of £32.38 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. SSE has a 12-month low of GBX 1,468 and a 12-month high of GBX 2,763. The stock’s 50-day moving average price is GBX 2,569.51 and its 200-day moving average price is GBX 2,217.94.

Insider Buying and Selling

In other news, insider Martin Pibworth acquired 19 shares of the business’s stock in a transaction on Friday, January 30th. The shares were acquired at an average price of GBX 2,423 per share, for a total transaction of £460.37. Insiders have acquired 21 shares of company stock worth $50,980 over the last ninety days. 0.16% of the stock is owned by insiders.

SSE Company Profile

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.