SSE (LON:SSE) Reaches New 52-Week Low on Analyst Downgrade

SSE plc (LON:SSE)’s stock price reached a new 52-week low on Friday after Citigroup downgraded the stock to a sell rating. Citigroup now has a GBX 1,997 price target on the stock. SSE traded as low as GBX 222.70 and last traded at GBX 2,212, with a volume of 234534969 shares. The stock had previously closed at GBX 2,263.

A number of other brokerages also recently issued reports on SSE. UBS Group reaffirmed a “buy” rating and set a GBX 2,200 price target on shares of SSE in a report on Friday, November 7th. Barclays reaffirmed an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a report on Thursday, October 16th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a report on Thursday, October 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada lifted their price target 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,311.

SSE Stock Down 1.6%

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 firm’s 50 day moving average price is GBX 1,820.61 and its two-hundred day moving average price is GBX 1,799.58. The firm has a market cap of £24.52 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last posted its quarterly earnings data on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. As a group, 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.