SSE plc (LON:SSE) Receives GBX 2,606.57 Average Price Target from Analysts

Shares of SSE plc (LON:SSE) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 2,606.57.

Several analysts have recently weighed in on SSE shares. UBS Group restated a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their target price 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. 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, May 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,900 price target on shares of SSE in a report on Friday, May 29th.

SSE Price Performance

Shares of LON:SSE opened at GBX 2,407 on Wednesday. SSE has a 12 month low of GBX 1,597 and a 12 month high of GBX 2,767.50. The stock has a market cap of £29.04 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 3.06 and a beta of 0.59. The stock’s 50 day moving average price is GBX 2,400.67 and its 200 day moving average price is GBX 2,495.54. 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 issued its quarterly 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 firm had revenue of GBX 1,018.65 billion during the quarter. Equities research analysts anticipate that SSE will post 163.8865004 earnings per share for the current fiscal year.

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.