SSE (SSE) Rating Reiterated by JPMorgan Chase

JPMorgan Chase reissued their outperform rating on shares of SSE (LON:SSE) in a report published on Monday, April 9th. The brokerage currently has a GBX 1,500 ($21.48) target price on the stock.

SSE has been the topic of a number of other reports. Credit Suisse Group restated a restricted rating on shares of SSE in a research report on Wednesday, January 3rd. Deutsche Bank restated a sell rating and set a GBX 1,250 ($17.90) price target on shares of SSE in a research report on Friday, January 12th. Finally, Morgan Stanley decreased their price objective on SSE from GBX 1,670 ($23.91) to GBX 1,500 ($21.48) and set an overweight rating on the stock in a research report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 1,517.07 ($21.72).

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Shares of SSE traded down GBX 15.50 ($0.22) during mid-day trading on Monday, reaching GBX 1,295.50 ($18.55). The company had a trading volume of 2,807,489 shares, compared to its average volume of 4,270,000. SSE has a twelve month low of GBX 1,176.50 ($16.85) and a twelve month high of GBX 1,554 ($22.25).

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About SSE

SSE plc produces, generates, distributes, and supplies electricity and gas, as well as other energy-related services in the United Kingdom and Ireland. It operates through three segments: Wholesale, Networks, and Retail. The company generates electricity from gas, oil, coal, water, and wind. Its electricity networks transmit and distribute electricity to approximately 3.7 million businesses, offices, and homes through approximately 130,000 kilometers of overhead lines and underground cables; and gas networks distribute gas to approximately 5.7 million homes, offices, and businesses through 75,000 kilometers of gas mains.

Analyst Recommendations for SSE (LON:SSE)

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