SSE plc (LON:SSE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of SSE plc (LON:SSE) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,304.50.

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,230 price objective on shares of SSE in a research note on Thursday, October 23rd. Royal Bank Of Canada lifted their price objective on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,425 target price on shares of SSE in a research report on Tuesday, November 4th. UBS Group reissued a “buy” rating and issued a GBX 2,200 price objective on shares of SSE in a research note on Friday, November 7th. Finally, Citigroup lowered shares of SSE to a “sell” rating and set a GBX 1,997 price target for the company. in a report on Friday.

SSE Stock Performance

SSE stock traded down GBX 49.50 during mid-day trading on Friday, hitting GBX 2,213.50. 235,368,656 shares of the company’s stock traded hands, compared to its average volume of 14,285,047. The company has a market cap of £24.38 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The firm has a 50 day moving average price of GBX 1,809.10 and a 200 day moving average price of GBX 1,794.29. SSE has a one year low of GBX 1,446.89 and a one year high of GBX 2,307. 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 issued its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, equities analysts forecast that SSE will post 163.8865004 EPS for the current year.

SSE Company Profile

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.