SSE’s (SSE) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 2,900 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 24.41% from the company’s previous close.

Several other research firms have also weighed in on SSE. UBS Group reissued a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research note on Friday, May 22nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,606.57.

SSE Trading Down 3.1%

SSE stock traded down GBX 74 during midday trading on Friday, hitting GBX 2,331. 338,645,250 shares of the stock were exchanged, compared to its average volume of 26,833,918. The company has a fifty day simple moving average of GBX 2,561.43 and a two-hundred day simple moving average of GBX 2,427.59. SSE has a 52 week low of GBX 1,597 and a 52 week high of GBX 2,767.50. The stock has a market capitalization of £28.10 billion, a PE ratio of 26.82, a P/E/G ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00.

SSE (LON:SSE) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 earnings per share for the quarter. SSE had a net margin of 8.59% and a return on equity of 7.09%. The business had revenue of GBX 1,018.65 billion for the quarter. Equities research analysts anticipate 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.