Shares of SSE plc (LON:SSE – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,482.67 and traded as low as GBX 2,453. SSE shares last traded at GBX 2,468, with a volume of 2,581,427 shares.
Analysts Set New Price Targets
A number of research firms have commented on SSE. JPMorgan Chase & Co. boosted their target price on SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,900 price target on shares of SSE in a research note on Friday, May 29th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a research report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SSE currently has an average rating of “Moderate Buy” and an average target price of GBX 2,606.57.
Get Our Latest Stock Analysis on SSE
SSE Stock Performance
SSE (LON:SSE – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported GBX 153.50 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,018.65 billion for the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%. On average, equities analysts expect that SSE plc will post 163.8865004 earnings per share for the current 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.
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