SSE (SSE) Price Target Cut to GBX 1,230
SSE (LON:SSE) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 1,450 ($18.95) to GBX 1,230 ($16.07) in a report released on Wednesday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 9.43% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. Deutsche Bank upgraded SSE to a “buy” rating and raised their price objective for the company from GBX 1,200 ($15.68) to GBX 1,250 ($16.33) in a research note on Wednesday, September 19th. HSBC cut SSE to a “hold” rating and dropped their price objective for the company from GBX 1,400 ($18.29) to GBX 1,300 ($16.99) in a research note on Friday, September 14th. Berenberg Bank dropped their price objective on SSE from GBX 1,600 ($20.91) to GBX 1,470 ($19.21) and set a “buy” rating on the stock in a research note on Wednesday, July 18th. Royal Bank of Canada set a GBX 1,350 ($17.64) target price on SSE and gave the company a “neutral” rating in a research report on Wednesday, September 12th. Finally, Citigroup reaffirmed a “neutral” rating and set a GBX 1,203 ($15.72) target price on shares of SSE in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,350.38 ($17.65).
Shares of LON:SSE opened at GBX 1,124 ($14.69) on Wednesday. SSE has a 1-year low of GBX 1,176.50 ($15.37) and a 1-year high of GBX 1,554 ($20.31).
SSE Company Profile
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
Further Reading: Are all No-Load Funds Equal?
Receive News & Ratings for SSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSE and related companies with MarketBeat.com's FREE daily email newsletter.