SSE (LON:SSE) Reaches New 52-Week High – Should You Buy?

SSE plc (LON:SSE)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,009 and last traded at GBX 1,999.50, with a volume of 11501332 shares changing hands. The stock had previously closed at GBX 1,943.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays reiterated an “overweight” rating and issued a GBX 2,500 target price on shares of SSE in a research note on Thursday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,230 price target on shares of SSE in a report on Thursday, October 23rd. UBS Group reiterated a “buy” rating and set a GBX 2,200 price objective on shares of SSE in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,425 price target on shares of SSE in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,338.75.

SSE Stock Performance

The firm’s 50 day simple moving average is GBX 1,796.17 and its 200 day simple moving average is GBX 1,790.98. The firm has a market capitalization of £24.88 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10.

SSE (LON:SSE) last issued its earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. Sell-side analysts forecast 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.