SSE plc (LON:SSE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SSE plc (LON:SSE) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,606.57.

SSE has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,900 target price on shares of SSE in a research report on Friday. Jefferies Financial Group restated a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research report on Friday. Finally, UBS Group restated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, May 22nd.

SSE Stock Up 0.0%

Shares of LON:SSE opened at GBX 2,331.60 on Tuesday. SSE has a 1 year low of GBX 1,597 and a 1 year high of GBX 2,767.50. The business has a 50 day simple moving average of GBX 2,547.98 and a two-hundred day simple moving average of GBX 2,432.75. The firm has a market capitalization of £28.10 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.06 and a beta of 0.62. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50.

SSE (LON:SSE) last announced 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. On average, equities analysts predict that SSE will post 163.8865004 EPS for the current year.

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.