JPMorgan Chase & Co. Forecasts Strong Price Appreciation for SSE (LON:SSE) Stock

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 report issued on Wednesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.46% from the company’s current price.

A number of other equities analysts have also weighed in on SSE. Citigroup lifted 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. Jefferies Financial Group increased their target price on SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. UBS Group reiterated a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a research report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SSE presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,549.43.

SSE Price Performance

SSE stock opened at GBX 2,696.96 on Wednesday. SSE has a 1 year low of GBX 1,468 and a 1 year high of GBX 2,763. The company has a debt-to-equity ratio of 81.00, a quick ratio of 0.50 and a current ratio of 0.97. The firm has a 50 day moving average price of GBX 2,576.33 and a 200 day moving average price of GBX 2,221.27. The company has a market cap of £32.51 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 3.06 and a beta of 0.67.

Insiders Place Their Bets

In other SSE news, insider Martin Pibworth acquired 19 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was bought at an average cost of GBX 2,423 per share, for a total transaction of £460.37. Insiders have purchased 21 shares of company stock worth $50,980 over the last 90 days. Insiders own 0.16% of the company’s stock.

SSE Company Profile

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.