SSE (LON:SSE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of SSE plc (LON:SSE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,838.53 and traded as high as GBX 2,212.83. SSE shares last traded at GBX 2,206, with a volume of 7,211,834 shares.

Analyst Upgrades and Downgrades

SSE has been the subject of a number of research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,425 price target on shares of SSE in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of SSE from GBX 2,000 to GBX 2,350 and gave the company a “buy” rating in a research report on Friday, November 14th. Barclays reissued an “overweight” rating and set a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,200 price target on shares of SSE in a report on Friday, November 7th. Finally, Citigroup downgraded SSE to a “sell” rating and set a GBX 1,997 price objective for the company. in a research report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,311.

SSE Stock Performance

The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. The firm has a 50 day moving average price of GBX 1,937.20 and a two-hundred day moving average price of GBX 1,838.53. The company has a market capitalization of £24.54 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last posted its earnings results 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, research analysts expect that SSE plc will post 163.8865004 earnings per share for the current fiscal year.

About SSE

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.