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

SSE plc (LON:SSE) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 2,304.50.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a research report on Thursday, October 23rd. Barclays reiterated an “overweight” rating and issued a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. Royal Bank Of Canada raised their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a research report on Tuesday, November 4th. Finally, Citigroup lowered SSE to a “sell” rating and set a GBX 1,997 price objective on the stock. in a research note on Friday.

SSE Stock Performance

Shares of SSE traded down GBX 49.50 during mid-day trading on Friday, hitting GBX 2,213.50. 235,368,656 shares of the company’s stock were exchanged, compared to its average volume of 14,285,047. 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 firm has a market cap of £24.38 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The stock’s 50-day simple moving average is GBX 1,809.10 and its 200-day simple moving average is GBX 1,794.29. SSE has a 52 week low of GBX 1,446.89 and a 52 week high of GBX 2,307.

SSE (LON:SSE) last posted its quarterly earnings data on Wednesday, November 12th. The company reported GBX 36.10 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 expect that SSE will post 163.8865004 EPS for the current 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.