SSE (LON:SSE) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of SSE plc (LON:SSE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,869.31 and traded as high as GBX 2,148. SSE shares last traded at GBX 2,126.49, with a volume of 3,138,798 shares traded.

Analysts Set New Price Targets

SSE has been the subject of several research reports. UBS Group restated a “buy” rating and issued a GBX 2,200 target price on shares of SSE in a research note on Friday, November 7th. Royal Bank Of Canada boosted 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. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a report on Thursday, October 23rd. Finally, Citigroup lowered shares of SSE to a “sell” rating and set a GBX 1,997 price objective on the stock. in a research note on Friday, November 14th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,311.

SSE Trading Down 0.4%

The firm has a 50 day simple moving average of GBX 2,028.29 and a two-hundred day simple moving average of GBX 1,869.31. The firm has a market capitalization of £25.52 billion, a P/E ratio of 24.47, a PEG ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10.

SSE (LON:SSE) last released 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%. Equities research analysts forecast 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.