SSE (LON:SSE) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of SSE (LON:SSE) in a research note released on Friday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 2,900 price objective on the stock.

Several other brokerages have also recently weighed in on SSE. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a research report on Friday. UBS Group reiterated a “neutral” rating and issued a GBX 2,350 price target on shares of SSE in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price target on SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,606.57.

SSE Stock Performance

Shares of SSE stock opened at GBX 2,331 on Friday. The business’s fifty day simple moving average is GBX 2,554.07 and its 200 day simple moving average is GBX 2,426.91. The firm has a market capitalization of £28.10 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.62. SSE has a 12 month low of GBX 1,597 and a 12 month high of GBX 2,767.50. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50.

SSE (LON:SSE) last released its earnings results on Thursday, May 28th. The company reported GBX 153.50 earnings per share (EPS) for the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%.The business had revenue of GBX 1,018.65 billion during the quarter. As a group, analysts anticipate that SSE will post 163.8865004 EPS for the current year.

SSE News Roundup

Here are the key news stories impacting SSE this week:

• Positive Sentiment: Broker coverage remained constructive, with Deutsche Bank reiterating a Buy rating and a GBX 2,900 target, while Jefferies also reiterated Buy and lifted its target to GBX 3,060, suggesting analysts still see upside from SSE’s long-term investment plans. Broker rating updates
• Neutral Sentiment: SSE reported quarterly earnings of GBX 153.50 per share and revenue of GBX 1,018.65 billion, providing investors with a fresh read on operating performance after a busy reporting period. Earnings report and transcript
• Neutral Sentiment: The company is accelerating spending on its electricity grid, including a record £3.6 billion investment, which supports future growth but also keeps near-term profits under pressure. Grid investment article
• Negative Sentiment: Reports highlighted a slump in profits, including Bloomberg’s note that SSE’s profit fell to its lowest since 2022 on lower grid revenue, reinforcing concerns that heavy capital spending is weighing on current earnings. Bloomberg article

SSE Company Profile

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.