SSE (LON:SSE) Stock Crosses Above 200 Day Moving Average – Time to Sell?

SSE plc (LON:SSE)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,768.14 and traded as high as GBX 1,902.50. SSE shares last traded at GBX 1,900.50, with a volume of 13,651,297 shares traded.

Analysts Set New Price Targets

SSE has been the subject of several research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SSE in a research note on Monday, October 20th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,230 price target on shares of SSE in a research note on Thursday, October 23rd. Finally, Barclays reiterated an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,385.

SSE Stock Up 0.0%

The company’s 50-day moving average is GBX 1,755.31 and its 200 day moving average is GBX 1,768.14. The company has a market capitalization of £20.93 billion, a PE ratio of 17.58, a P/E/G 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.

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.