SSE (LON:SSE) Reaches New 1-Year High – Here’s Why

SSE plc (LON:SSE) reached a new 52-week high on Friday . The company traded as high as GBX 2,330 and last traded at GBX 2,329, with a volume of 130473219 shares traded. The stock had previously closed at GBX 2,317.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of SSE from GBX 2,000 to GBX 2,350 and gave the company a “buy” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,425 target price on shares of SSE in a research note on Tuesday, November 4th. Barclays reissued an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a research note on Thursday, October 16th. Citigroup downgraded shares of SSE to a “sell” rating and set a GBX 1,997 price target for the company. in a report on Friday, November 14th. Finally, Royal Bank Of Canada upped 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, November 14th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,311.

SSE Stock Performance

The firm’s fifty day moving average is GBX 2,180.26 and its 200-day moving average is GBX 1,931.64. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62. The stock has a market capitalization of £28.04 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

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