SSE (LON:SSE) Sets New 12-Month High – Here’s What Happened

SSE plc (LON:SSE) shares reached a new 52-week high on Friday . The stock traded as high as GBX 2,711 and last traded at GBX 2,710, with a volume of 48705066 shares traded. The stock had previously closed at GBX 2,704.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SSE shares. Citigroup lifted their target price on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a report on Monday, January 26th. UBS Group reaffirmed a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a research report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold 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 price target of GBX 2,359.43.

SSE Trading Up 0.6%

The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. The firm has a market cap of £32.79 billion, a PE ratio of 31.30, a P/E/G ratio of 3.06 and a beta of 0.67. The company’s 50-day moving average is GBX 2,492.19 and its 200 day moving average is GBX 2,133.44.

Insider Transactions at SSE

In other news, insider Martin Pibworth bought 19 shares of the business’s stock in a transaction on Friday, January 30th. The shares were bought at an average cost of GBX 2,423 per share, with a total value of £460.37. Over the last 90 days, insiders have acquired 30 shares of company stock worth $73,444. 0.16% of the stock is owned by insiders.

About SSE

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.