SSE plc (LON:SSE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SSE plc (LON:SSE) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 2,606.57.

Several equities research analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research report on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. UBS Group reissued a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,900 price objective on shares of SSE in a research note on Friday, May 29th.

SSE Stock Performance

LON SSE opened at GBX 2,476 on Wednesday. The company has a fifty day simple moving average of GBX 2,400.15 and a 200 day simple moving average of GBX 2,490.58. SSE has a 12-month low of GBX 1,597 and a 12-month high of GBX 2,767.50. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50. The company has a market cap of £29.87 billion, a P/E ratio of 23.49, a PEG ratio of 3.06 and a beta of 0.59.

SSE (LON:SSE) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 earnings per share for the quarter. SSE had a net margin of 11.87% and a return on equity of 9.45%. The firm had revenue of GBX 1,018.65 billion for the quarter. Sell-side analysts predict that SSE will post 163.8865004 earnings per share for the current fiscal year.

About SSE

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.