SSE plc (LON:SSE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SSE plc (LON:SSE) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 2,359.43.

Several research firms have commented on SSE. Barclays reissued an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research report on Monday, January 19th. Citigroup upped their target price on SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research report on Monday. Royal Bank Of Canada raised their price target on SSE from GBX 2,200 to GBX 2,475 and gave the stock an “outperform” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a report on Tuesday, November 4th.

SSE Stock Down 0.1%

SSE stock opened at GBX 2,395 on Wednesday. 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 firm has a market cap of £28.75 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.06 and a beta of 0.56. The business has a fifty day moving average of GBX 2,215.97 and a two-hundred day moving average of GBX 1,960.32. SSE has a twelve month low of GBX 1,446.89 and a twelve month high of GBX 2,419.

SSE (LON:SSE) last released its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, analysts forecast that SSE 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.