SSE Rating Reiterated by JPMorgan Chase (SSE)
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC downgraded shares of SSE to an “underweight” rating in a research note to investors on Friday. They now have a $22.51 price target on the stock, up previously from $22.21. Separately, analysts at Goldman Sachs reiterated a “sell” rating on shares of SSE in a research note to investors on Friday. They now have a $17.43 price target on the stock. Finally, analysts at JP Morgan Cazenove reiterated an “underweight” rating on shares of SSE in a research note to investors on Friday.
Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.48 (1488 GBX).
Shares of SSE (LON: SSE) traded down 0.13% during mid-day trading on Friday, hitting GBX 1486.00. SSE has a one year low of GBX 1286.00 and a one year high of GBX 1492.00. The stock’s 50-day moving average is currently GBX 1395.. The company’s market cap is £14.049 billion.
SSE plc, formerly Scottish and Southern Energy plc, is a holding company. The Company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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