SSE (LON:SSE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

SSE (LON:SSE) had its target price upped by equities researchers at JPMorgan Chase & Co. from GBX 2,580 to GBX 2,925 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.10% from the company’s previous close.

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

SSE Stock Up 3.3%

Shares of SSE traded up GBX 86 during trading hours on Wednesday, reaching GBX 2,681. The company’s stock had a trading volume of 2,788,540 shares, compared to its average volume of 24,586,469. The company has a 50 day moving average of GBX 2,562.50 and a two-hundred day moving average of GBX 2,214.68. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00. The firm has a market cap of £32.32 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 3.06 and a beta of 0.67. SSE has a 1-year low of GBX 1,468 and a 1-year high of GBX 2,763.

Insider Activity at SSE

In other news, insider Martin Pibworth acquired 19 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average price of GBX 2,423 per share, for a total transaction of £460.37. Over the last three months, insiders purchased 21 shares of company stock valued at $50,980. Insiders own 0.16% of the company’s stock.

About SSE

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.