SSE plc (LON:SSE) Receives GBX 2,606.57 Average Price Target from Analysts

Shares of SSE plc (LON:SSE) have received an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,606.57.

SSE has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. UBS Group restated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, May 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,900 price target on shares of SSE in a research report on Friday, May 29th.

SSE Stock Down 0.6%

SSE stock opened at GBX 2,425.68 on Wednesday. The company has a debt-to-equity ratio of 103.50, a quick ratio of 0.50 and a current ratio of 1.20. The firm has a market capitalization of £29.26 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 3.06 and a beta of 0.59. SSE has a fifty-two week low of GBX 1,597 and a fifty-two week high of GBX 2,767.50. The stock’s fifty day moving average is GBX 2,400.67 and its two-hundred day moving average is GBX 2,493.85.

SSE (LON:SSE) last announced its quarterly earnings results on Thursday, May 28th. The company reported GBX 153.50 earnings per share for the quarter. The business had revenue of GBX 1,018.65 billion during the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%. Analysts predict that SSE will post 163.8865004 EPS for the current fiscal year.

SSE Company Profile

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.