SSE (LON:SSE) Trading Up 10.8% – Still a Buy?

SSE plc (LON:SSE) shot up 10.8% on Wednesday . The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. 1,336,877,750 shares were traded during trading, an increase of 6,817% from the average session volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Wall Street Analyst Weigh In

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

SSE Stock Performance

The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The stock’s 50-day moving average price is GBX 1,784.67 and its 200-day moving average price is GBX 1,788.19. The company has a market cap of £24.09 billion, a P/E ratio of 20.23, a PEG ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last released its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. Equities analysts anticipate that SSE plc will post 163.8865004 EPS 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.