SSE (LON:SSE) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

SSE plc (LON:SSE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,926.37 and traded as high as GBX 2,290. SSE shares last traded at GBX 2,250, with a volume of 3,139,307 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,425 target price on shares of SSE in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on SSE from GBX 2,000 to GBX 2,350 and gave the stock a “buy” rating in a report on Friday, November 14th. Royal Bank Of Canada raised their target price on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a report on Friday, November 14th. 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. Finally, Barclays reiterated an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a report on Thursday, October 16th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,311.

SSE Price Performance

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 company has a market cap of £27.01 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company has a fifty day simple moving average of GBX 2,163.80 and a two-hundred day simple moving average of GBX 1,926.37.

SSE (LON:SSE) last released 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%. On average, equities research analysts anticipate 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.