SSE plc (LON:SSE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of SSE plc (LON:SSE) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 2,606.57.

Several research firms recently weighed in on SSE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,900 price objective on shares of SSE in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. UBS Group reissued a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a report on Friday, May 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a research report on Friday, May 29th.

SSE Trading Up 0.5%

Shares of SSE opened at GBX 2,397 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50. The firm’s 50-day moving average is GBX 2,433.08 and its two-hundred day moving average is GBX 2,460.83. SSE has a twelve month low of GBX 1,597 and a twelve month high of GBX 2,767.50. The firm has a market capitalization of £28.91 billion, a P/E ratio of 22.74, a PEG ratio of 3.06 and a beta of 0.60.

SSE (LON:SSE) last issued its earnings results on Thursday, May 28th. The company reported GBX 153.50 earnings per share (EPS) for the quarter. SSE had a net margin of 11.87% and a return on equity of 9.45%. The company had revenue of GBX 1,018.65 billion during the quarter. On average, research analysts predict that SSE will post 163.8865004 earnings per share for the current fiscal year.

SSE Company Profile

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.