SSE (LON:SSE) Price Target Increased to GBX 2,075 by Analysts at JPMorgan Chase & Co.

SSE (LON:SSE) had its price target increased by JPMorgan Chase & Co. from GBX 2,050 ($25.52) to GBX 2,075 ($25.83) in a research report released on Friday, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Separately, Berenberg Bank lowered their price objective on shares of SSE from GBX 2,300 ($28.63) to GBX 2,000 ($24.90) and set a buy rating for the company in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 1,959 ($24.39).

SSE Stock Performance

LON:SSE opened at GBX 1,650 ($20.54) on Friday. The company has a debt-to-equity ratio of 84.31, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a market capitalization of £17.99 billion, a P/E ratio of 3,113.21, a PEG ratio of 3.21 and a beta of 0.57. The company has a 50 day moving average price of GBX 1,613.21 and a 200 day moving average price of GBX 1,691.56. SSE has a fifty-two week low of GBX 1,485 ($18.49) and a fifty-two week high of GBX 1,932.50 ($24.06).

SSE Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, January 11th were issued a dividend of GBX 20 ($0.25) per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 1.17%. SSE’s dividend payout ratio (DPR) is presently 16,603.77%.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.