SSE (LON:SSE) Shares Up 10.8% – What’s Next?

SSE plc (LON:SSE) shares traded up 10.8% during mid-day trading on Wednesday . The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. 1,336,877,750 shares changed hands during mid-day trading, an increase of 6,817% from the average session volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Wall Street Analysts Forecast Growth

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

SSE Stock Down 3.3%

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 50 day simple moving average of GBX 1,796.17 and a 200 day simple moving average of GBX 1,790.98. The stock has a market cap of £24.58 billion, a PE ratio of 20.65, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last announced 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%. On average, equities research analysts forecast that SSE plc will post 163.8865004 EPS for the current fiscal year.

About SSE

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.