SSE (LON:SSE) Reaches New 12-Month High – Should You Buy?

SSE plc (LON:SSE) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,541 and last traded at GBX 2,538.46, with a volume of 33829500 shares traded. The stock had previously closed at GBX 2,499.

Analysts Set New Price Targets

A number of research firms have issued reports on SSE. UBS Group reissued a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd. Royal Bank Of Canada lifted their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Barclays reissued an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a research report on Thursday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,425 target price on shares of SSE in a report on Tuesday, November 4th. Finally, Citigroup increased their target price on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,359.43.

SSE Stock Up 1.6%

The stock has a 50-day moving average of GBX 2,265.98 and a 200-day moving average of GBX 1,996.94. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The company has a market cap of £30.59 billion, a PE ratio of 29.20, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last issued its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. Sell-side analysts predict that SSE plc will post 163.8865004 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Martin Pibworth purchased 19 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of GBX 2,423 per share, with a total value of £460.37. Over the last three months, insiders have purchased 29 shares of company stock valued at $70,808. 0.16% of the stock is owned by insiders.

SSE Company Profile

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.