SSE (LON:SSE) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

SSE plc (LON:SSE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,187.99 and traded as high as GBX 2,563. SSE shares last traded at GBX 2,508, with a volume of 21,324,611 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on SSE. UBS Group reiterated a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a report on Monday, January 19th. Jefferies Financial Group upped their price objective on shares of SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, Citigroup increased their price objective on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research note on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,478.

SSE Stock Performance

The company has a 50-day simple moving average of GBX 2,550.14 and a two-hundred day simple moving average of GBX 2,187.99. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00. The firm has a market cap of £30.23 billion, a PE ratio of 28.86, a PEG ratio of 3.06 and a beta of 0.67.

Insider Activity at SSE

In related news, insider Martin Pibworth purchased 19 shares of the business’s stock in a transaction that occurred 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. In the last quarter, insiders acquired 21 shares of company stock worth $50,980. Insiders own 0.16% of the company’s stock.

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.