SSE (LON:SSE) had its price target cut by JPMorgan Chase & Co. from GBX 1,200 ($15.68) to GBX 1,050 ($13.72) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
A number of other equities research analysts also recently issued reports on SSE. Royal Bank of Canada decreased their price objective on SSE from GBX 1,250 ($16.33) to GBX 1,225 ($16.01) and set a sector performer rating on the stock in a research report on Wednesday, February 6th. UBS Group restated a neutral rating on shares of SSE in a research report on Monday, February 11th. Credit Suisse Group restated an outperform rating and set a GBX 1,260 ($16.46) price objective (up from GBX 1,225 ($16.01)) on shares of SSE in a research report on Friday, March 29th. Goldman Sachs Group upped their price objective on SSE from GBX 1,298 ($16.96) to GBX 1,357 ($17.73) and gave the company a buy rating in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group decreased their price objective on SSE from GBX 1,500 ($19.60) to GBX 1,370 ($17.90) and set a buy rating on the stock in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,225.83 ($16.02).
LON:SSE opened at GBX 1,038 ($13.56) on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.33 and a debt-to-equity ratio of 212.51. The stock has a market capitalization of $10.71 billion and a P/E ratio of 45.73. SSE has a 12 month low of GBX 1,026.50 ($13.41) and a 12 month high of GBX 1,449.50 ($18.94).
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
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