SSE (LON:SSE) Stock Price Up 11.7% – Should You Buy?

Shares of SSE plc (LON:SSE) were up 11.7% during trading on Wednesday . The stock traded as high as GBX 2,230 and last traded at GBX 2,206. Approximately 275,259,563 shares traded hands during trading, an increase of 1,798% from the average daily volume of 14,501,360 shares. The stock had previously closed at GBX 1,974.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SSE shares. Deutsche Bank Aktiengesellschaft raised their target price on SSE from GBX 2,000 to GBX 2,350 and gave the company a “buy” rating in a research report on Friday. Royal Bank Of Canada raised their price target on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday. Citigroup lowered SSE to a “sell” rating and set a GBX 1,997 price target on the stock. in a research note on Friday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,230 target price on shares of SSE in a research note on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,311.

SSE Stock Performance

The stock has a fifty day moving average of GBX 1,820.61 and a 200-day moving average of GBX 1,798.50. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The stock has a market capitalization of £24.52 billion, a PE ratio of 20.60, a price-to-earnings-growth 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%. 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.