SSE (LON:SSE) Shares Pass Above 200-Day Moving Average – Here’s What Happened

SSE plc (LON:SSE)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,926.37 and traded as high as GBX 2,290. SSE shares last traded at GBX 2,250, with a volume of 3,139,307 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SSE shares. Royal Bank Of Canada lifted their price objective on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. Citigroup lowered shares of SSE to a “sell” rating and set a GBX 1,997 price objective for the company. in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of SSE from GBX 2,000 to GBX 2,350 and gave the company a “buy” rating in a research note on Friday, November 14th. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,425 price objective on shares of SSE in a research report on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,311.

SSE Trading Down 1.4%

The firm has a market capitalization of £27.01 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.06 and a beta of 0.56. The business’s 50-day moving average price is GBX 2,163.80 and its 200 day moving average price is GBX 1,926.37. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50.

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%. On average, equities analysts forecast 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.