JPMorgan Chase & Co. Boosts SSE (LON:SSE) Price Target to GBX 2,075

SSE (LON:SSE) had its target price hoisted by JPMorgan Chase & Co. from GBX 2,050 ($25.95) to GBX 2,075 ($26.26) in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Separately, Berenberg Bank reduced their price target on shares of SSE from GBX 2,300 ($29.11) to GBX 2,000 ($25.31) and set a buy rating for the company in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, SSE has an average rating of Moderate Buy and an average target price of GBX 1,959 ($24.79).

SSE Stock Performance

Shares of SSE stock opened at GBX 1,667 ($21.10) on Friday. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 84.31. The business has a 50 day moving average price of GBX 1,613.79 and a 200-day moving average price of GBX 1,691.22. SSE has a 52 week low of GBX 1,485 ($18.80) and a 52 week high of GBX 1,932.50 ($24.46). The company has a market cap of £18.17 billion, a PE ratio of 3,145.28, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57.

SSE Cuts Dividend

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