SSE’s Underweight Rating Reaffirmed at JPMorgan Chase & Co. (SSE)
SSE (LON:SSE)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Friday, AnalystRatingsNetwork.com reports.
Shares of SSE (LON:SSE) traded down 0.38% during mid-day trading on Friday, hitting GBX 1315.00. The stock had a trading volume of 2,577,132 shares. SSE has a 1-year low of GBX 1297.00 and a 1-year high of GBX 1690.00. The stock’s 50-day moving average is GBX 1341. and its 200-day moving average is GBX 1459.. The company’s market cap is £12.682 billion.
A number of other firms have also recently commented on SSE. Analysts at RBC Capital downgraded shares of SSE to an “underperform” rating in a research note to investors on Monday. They now have a GBX 1,220 ($20.03) price target on the stock. Separately, analysts at Barclays downgraded shares of SSE to an “underweight” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 1,810 ($29.71) price target on the stock, up previously from GBX 1,200 ($19.70). Finally, analysts at BNP Paribas downgraded shares of SSE to a “neutral” rating in a research note to investors on Monday, January 13th. They now have a GBX 1,420 ($23.31) price target on the stock, down previously from GBX 1,800 ($29.55). Eight investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. SSE currently has an average rating of “Hold” and a consensus price target of GBX 1,480.16 ($24.30).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.