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A statement released earlier today by JP Morgan Cazenove about SSE PLC (LON:SSE) bumps down the target price to 1,600.00GBX

Yesterday SSE PLC (LON:SSE) traded 0.07% lower at 1,530.00GBX. SSE PLC’s 50-day average is 1,535.89GBX and its 200-day moving average is 1,517.06GBX. With the last stock price close up 0.19% from the 200-day average, compared to the S&P 500 which has decreased -0.01% over the same period. Trade volume was was down over the average, with 50,918 shares of SSE changing hands under the typical 3,267,690 shares..

SSE PLC (LON:SSE) had its target price dropped to 1,600GBX by JP Morgan Cazenove in a report released 9/15/2016. The latest target price implies a potential upside of 0.05% based on the company’s most recent closing price.

On 9/12/2016, Deutsche Bank reported on SSE PLC(LON:SSE) raised the target price from 1,400.00GBX to 1,470.00GBX. At the time, this indicated a possible downside of -0.03%.

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Also covering SSE PLC’s stock price target, a total of 17 brokers have issued a ratings update on SSE PLC. The consensus target is 1,526.76GBX with 0 rating the stock a strong buy, eight analysts rating the company a buy, seven firms rating the stock a hold, two brokerages rating the stock to underperform, and lastly two brokerages rating the stock as sell.

With a market capitalization of 0.0 GBX, SSE PLC has a PE of 33 with a one-year low of 1,317.00GBX and a 52 week high of 1,644.00GBX.

General Company Details For SSE PLC (LON:SSE)

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. The Networks segment is engaged in the distribution of electricity to customer premises in the North of Scotland and the South of England. Its Retail segment supplies electricity and gas to residential and business customers in the United Kingdom and Ireland. The Wholesale segment is engaged in the generation of power from renewable and thermal plant in the United Kingdom, Ireland and Europe, and and the procurement and optimization of power and gas and other commodity requirements.

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