SSE (LON:SSE) Trading Up 10.8% – Time to Buy?

SSE plc (LON:SSE)’s share price traded up 10.8% on Wednesday . The stock traded as high as GBX 2,230 and last traded at GBX 2,187. 277,236,250 shares were traded during trading, an increase of 1,811% from the average session volume of 14,510,346 shares. The stock had previously closed at GBX 1,974.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays restated an “overweight” rating and issued a GBX 2,500 price objective on shares of SSE in a research report on Thursday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,425 price target on shares of SSE in a research report on Tuesday, November 4th. UBS Group reiterated a “buy” rating and issued a GBX 2,200 target price on shares of SSE in a research report on Friday, November 7th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,230 target price on shares of SSE in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SSE currently has an average rating of “Moderate Buy” and an average price target of GBX 2,338.75.

SSE Stock Performance

The firm has a market cap of £25.41 billion, a PE ratio of 21.34, a PEG ratio of 3.06 and a beta of 0.56. The company has a 50-day simple moving average of GBX 1,784.67 and a two-hundred day simple moving average of GBX 1,788.19. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62.

SSE (LON:SSE) last posted its quarterly earnings data on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. As a group, equities research analysts forecast that SSE plc will post 163.8865004 earnings per share for the current year.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.