SSE (LON:SSE) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of SSE (LON:SSE) in a report issued on Friday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 3,060 price objective on the stock.

Several other brokerages have also recently issued reports on SSE. JPMorgan Chase & Co. increased their price objective on SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft increased their price objective on SSE from GBX 2,850 to GBX 2,900 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SSE has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,606.57.

SSE Trading Down 3.1%

SSE opened at GBX 2,331 on Friday. SSE has a 52 week low of GBX 1,597 and a 52 week high of GBX 2,767.50. The business has a fifty day simple moving average of GBX 2,554.07 and a 200-day simple moving average of GBX 2,426.91. The firm has a market cap of £28.10 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50.

SSE (LON:SSE) last announced its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,018.65 billion for the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%. On average, equities analysts expect that SSE will post 163.8865004 earnings per share 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.