SSE (LON:SSE) Trading 10.8% Higher After Dividend Announcement

SSE plc (LON:SSE) rose 10.8% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. Approximately 1,336,877,750 shares traded hands during mid-day trading, an increase of 6,817% from the average daily volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Analysts Set New Price Targets

SSE has been the topic of a number of analyst reports. UBS Group restated a “buy” rating and set a GBX 2,200 target price on shares of SSE in a research report on Friday, November 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,425 price target on shares of SSE in a research note on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a research note on Thursday, October 23rd. Finally, Barclays reiterated an “overweight” rating and set a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SSE has an average rating of “Moderate Buy” and a consensus price target of GBX 2,338.75.

SSE Trading Up 10.8%

The firm’s 50-day simple moving average is GBX 1,796.17 and its 200 day simple moving average is GBX 1,790.98. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The firm has a market capitalization of £24.09 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last issued 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 expect that SSE plc will post 163.8865004 earnings per share 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.