SSE (SSE) Price Target Cut to GBX 1,450 by Analysts at J P Morgan Chase & Co
SSE (LON:SSE) had its price objective decreased by J P Morgan Chase & Co from GBX 1,540 ($20.73) to GBX 1,450 ($19.52) in a research note issued to investors on Thursday morning. J P Morgan Chase & Co currently has a neutral rating on the stock.
Several other equities research analysts have also recently issued reports on the stock. Macquarie reissued an outperform rating and issued a GBX 1,475 ($19.85) target price on shares of SSE in a research report on Thursday, October 26th. Credit Suisse Group restated an outperform rating and issued a GBX 1,500 ($20.19) price target on shares of SSE in a report on Thursday, November 2nd. Deutsche Bank restated a sell rating and issued a GBX 1,300 ($17.50) price target on shares of SSE in a report on Friday, October 20th. Morgan Stanley restated an overweight rating on shares of SSE in a report on Tuesday, October 31st. Finally, Barclays restated an overweight rating and issued a GBX 1,665 ($22.41) price target on shares of SSE in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of GBX 1,534.93 ($20.66).
SSE (SSE) traded up GBX 1.19 ($0.02) on Thursday, hitting GBX 1,324 ($17.82). 2,748,880 shares of the company traded hands, compared to its average volume of 4,030,000. SSE has a twelve month low of GBX 1,309 ($17.62) and a twelve month high of GBX 1,578 ($21.24).
The company also recently disclosed a dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, January 18th will be paid a dividend of GBX 28.40 ($0.38) per share. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 2.09%.
ILLEGAL ACTIVITY NOTICE: “SSE (SSE) Price Target Cut to GBX 1,450 by Analysts at J P Morgan Chase & Co” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/08/sse-sse-price-target-cut-to-gbx-1450-by-analysts-at-j-p-morgan-chase-co.html.
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.
Receive News & Stock Ratings for SSE plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE plc and related stocks with our FREE daily email newsletter.