SSE (LON:SSE) Stock Price Up 15.1% – Here’s What Happened

SSE plc (LON:SSE) was up 15.1% during mid-day trading on Wednesday . The stock traded as high as GBX 2,287 and last traded at GBX 2,272. Approximately 279,776,781 shares traded hands during mid-day trading, an increase of 1,827% from the average daily volume of 14,521,894 shares. The stock had previously closed at GBX 1,974.50.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SSE shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a research report on Tuesday, November 4th. Barclays restated an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a research report on Thursday, October 16th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,200 price objective on shares of SSE in a 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 note on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,338.75.

SSE Stock Up 10.8%

The firm has a market cap of £24.09 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The stock’s 50 day moving average is GBX 1,784.67 and its 200 day moving average is 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 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%. Analysts forecast that SSE plc 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.