SSE (OTCMKTS:SSEZY) Sets New 1-Year High – Time to Buy?

Sse Plc (OTCMKTS:SSEZY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.71 and last traded at $31.65, with a volume of 82848 shares traded. The stock had previously closed at $31.27.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SSEZY shares. Zacks Research upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. UBS Group downgraded shares of SSE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Citigroup lowered shares of SSE from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of SSE in a research note on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SSE in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

SSE Trading Down 0.7%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 0.97. The firm has a fifty day moving average price of $29.43 and a two-hundred day moving average price of $26.13.

About SSE

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.