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

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a GBX 2,200 target price on shares of SSE in a research note on Friday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,230 price objective on shares of SSE in a research report on Thursday, October 23rd. Royal Bank Of Canada upped their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a report on Friday. Barclays reiterated an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a report on Thursday, October 16th. Finally, Citigroup lowered SSE to a “sell” rating and set a GBX 1,997 price objective on the stock. in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,311.

SSE Stock Performance

The company has a market cap of £24.52 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The stock has a 50 day moving average price of GBX 1,820.61 and a two-hundred day moving average price of GBX 1,798.50. 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 earnings per share for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, research analysts predict that SSE plc will post 163.8865004 earnings per share for the current fiscal 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.