SSE (LON:SSE) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

SSE plc (LON:SSEGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,470.30 and traded as low as GBX 2,434. SSE shares last traded at GBX 2,450.17, with a volume of 5,317,332 shares trading hands.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,900 price target on shares of SSE in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on shares of SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a report on Wednesday, April 1st. 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, May 29th. Finally, 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. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,606.57.

Check Out Our Latest Stock Analysis on SSE

SSE Trading Down 0.1%

The firm’s 50 day moving average is GBX 2,420.89 and its 200 day moving average is GBX 2,470.30. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. The company has a market cap of £29.86 billion, a PE ratio of 23.48, a PEG ratio of 3.06 and a beta of 0.59.

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

SSE Company Profile

(Get Free Report)

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.

Further Reading

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