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

SSE plc (LON:SSE) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,606.57.

A number of research firms have recently weighed in on SSE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 price target on shares of SSE in a report on Friday, May 29th. UBS Group reissued a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,900 target price on shares of SSE in a research report on Friday, May 29th. Finally, 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.

SSE Trading Down 0.4%

SSE opened at GBX 2,409 on Friday. 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’s 50 day simple moving average is GBX 2,440.88 and its two-hundred day simple moving average is GBX 2,451.93. SSE has a 1-year low of GBX 1,597 and a 1-year high of GBX 2,767.50. The firm has a market capitalization of £29.05 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60.

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