JPMorgan Chase & Co. Reaffirms Overweight Rating for SSE (LON:SSE)

SSE (LON:SSE)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 2,425 price objective on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 29.01% from the stock’s current price.

A number of other brokerages have also issued reports on SSE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,230 target price on shares of SSE in a research report on Thursday, October 23rd. Barclays reiterated an “overweight” rating and set a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,385.

SSE Stock Performance

SSE stock traded down GBX 20.85 during mid-day trading on Tuesday, hitting GBX 1,879.65. The company had a trading volume of 2,425,959 shares, compared to its average volume of 13,549,688. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62. SSE has a 12-month low of GBX 1,446.89 and a 12-month high of GBX 1,980.52. The company’s fifty day moving average is GBX 1,762.76 and its 200-day moving average is GBX 1,775.86. The company has a market capitalization of £20.70 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 3.06 and a beta of 0.56.

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.