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

SSE plc (LON:SSE)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 2,397 and last traded at GBX 2,392, with a volume of 1992910 shares changing hands. The stock had previously closed at GBX 2,356.

Wall Street Analysts Forecast Growth

Several research firms have commented on SSE. Barclays restated an “overweight” rating and issued a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research report on Tuesday, November 4th. Royal Bank Of Canada lifted their target price on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research note on Monday, January 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,359.43.

SSE Trading Down 0.2%

The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The business has a fifty day moving average of GBX 2,215.97 and a 200-day moving average of GBX 1,960.32. The stock has a market capitalization of £28.71 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth 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 for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. On average, equities analysts anticipate that SSE plc will post 163.8865004 earnings per share for the current fiscal year.

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.