SSE (LON:SSE) Posts Earnings Results

SSE (LON:SSE) posted its quarterly earnings data on Wednesday. The company reported GBX 36.10 EPS for the quarter, Digital Look Earnings reports. SSE had a net margin of 16.36% and a return on equity of 17.83%.

SSE Stock Performance

SSE stock traded up GBX 308.50 during trading hours on Wednesday, reaching GBX 2,283. The stock had a trading volume of 279,377,750 shares, compared to its average volume of 14,520,080. The stock has a 50-day simple moving average of GBX 1,784.67 and a 200 day simple moving average of GBX 1,788.19. SSE has a fifty-two week low of GBX 1,446.89 and a fifty-two week high of GBX 2,284. The stock has a market capitalization of £25.14 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50.

Wall Street Analyst Weigh In

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

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.