SSE (LON:SSE) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of SSE plc (LON:SSE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,187.99 and traded as high as GBX 2,563. SSE shares last traded at GBX 2,508, with a volume of 21,324,611 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a report on Monday, January 19th. Citigroup upped their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group increased their price objective on SSE from GBX 2,510 to GBX 3,060 and gave the company a “buy” rating in a report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,478.

SSE Stock Down 2.0%

The firm has a market capitalization of £30.23 billion, a P/E ratio of 28.86, a PEG ratio of 3.06 and a beta of 0.67. The company has a debt-to-equity ratio of 81.00, a quick ratio of 0.50 and a current ratio of 0.97. The stock has a 50 day moving average of GBX 2,550.14 and a 200-day moving average of GBX 2,187.99.

Insider Buying and Selling at SSE

In other SSE news, insider Martin Pibworth bought 19 shares of SSE stock in a transaction dated Friday, January 30th. The stock was purchased at an average price of GBX 2,423 per share, for a total transaction of £460.37. Insiders have bought a total of 21 shares of company stock valued at $50,980 in the last three months. 0.16% of the stock is owned by company insiders.

About SSE

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.