SSE (LON:SSE) Stock Price Expected to Rise, Citigroup Analyst Says

SSE (LON:SSE) had its price target raised by investment analysts at Citigroup from GBX 1,997 to GBX 2,036 in a report issued on Monday, Marketbeat.com reports. The firm presently has a “sell” rating on the stock. Citigroup’s price target would indicate a potential downside of 14.88% from the stock’s previous close.

SSE has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a report on Tuesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,230 price target on shares of SSE in a report on Thursday, October 23rd. Royal Bank Of Canada boosted their price objective on shares of SSE from GBX 2,200 to GBX 2,475 and gave the stock an “outperform” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research report on Monday, January 19th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 2,350 price target on shares of SSE in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,359.43.

SSE Price Performance

Shares of LON:SSE opened at GBX 2,392 on Monday. SSE has a 52 week low of GBX 1,446.89 and a 52 week high of GBX 2,397. The company has a 50-day moving average price of GBX 2,215.97 and a 200 day moving average price of GBX 1,960.32. The company has a market cap of £28.71 billion, a P/E ratio of 27.53, a PEG ratio of 3.06 and a beta of 0.56. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62.

SSE (LON:SSE) last issued its earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. Research analysts predict that SSE will post 163.8865004 earnings per share for the current year.

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.