SSE plc (LON:SSE) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

Several equities analysts have issued reports on the stock. UBS Group restated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,900 price target on shares of SSE in a research note on Friday, May 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a report on Friday, May 29th.

SSE Trading Down 0.5%

SSE stock opened at GBX 2,420 on Friday. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. SSE has a one year low of GBX 1,597 and a one year high of GBX 2,767.50. The stock has a market capitalization of £29.19 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The business’s fifty day moving average is GBX 2,402.96 and its 200 day moving average is GBX 2,501.45.

SSE (LON:SSE) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 EPS for the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%.The company had revenue of GBX 1,018.65 billion during the quarter. On average, sell-side analysts predict that SSE will post 163.8865004 EPS for the current year.

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.