SSE (LON:SSE) Shares Up 10.8% Following Dividend Announcement

SSE plc (LON:SSE) was up 10.8% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. Approximately 1,336,877,750 shares traded hands during mid-day trading, an increase of 6,817% from the average daily volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,230 target price on shares of SSE in a research note on Thursday, October 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,425 price target on shares of SSE in a report on Tuesday, November 4th. UBS Group reissued a “buy” rating and issued a GBX 2,200 price objective on shares of SSE in a research report on Friday, November 7th. Finally, Barclays reissued an “overweight” rating and set a GBX 2,500 price objective on shares of SSE in a research note on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,338.75.

SSE Stock Performance

The company’s fifty day moving average price is GBX 1,809.10 and its two-hundred day moving average price is GBX 1,794.29. 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 market capitalization of £24.98 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last issued its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. As a group, equities analysts expect that SSE plc will post 163.8865004 earnings per share for the current 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.