SSE (LON:SSE) Announces Quarterly Earnings Results

SSE (LON:SSE) released its quarterly earnings results on Wednesday. The company reported GBX 36.10 EPS for the quarter, Digital Look Earnings reports. SSE had a net margin of 16.36% and a return on equity of 17.83%.

SSE Price Performance

Shares of LON:SSE opened at GBX 2,210.97 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The stock has a market cap of £24.35 billion, a PE ratio of 20.45, a PEG ratio of 3.06 and a beta of 0.56. The company’s fifty day moving average is GBX 1,809.10 and its 200 day moving average is GBX 1,794.29. SSE has a 52 week low of GBX 222.70 and a 52 week high of GBX 2,307.

Analyst Upgrades and Downgrades

SSE has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a GBX 2,200 price objective on shares of SSE in a report on Friday, November 7th. 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. 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. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, SSE currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,338.75.

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.