SSE (LON:SSE) Price Target Raised to GBX 2,500

SSE (LON:SSE) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 2,350 to GBX 2,500 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 5.80% from the company’s current price.

Several other analysts have also issued reports on SSE. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price target on shares of SSE in a research report on Tuesday, November 4th. Barclays reissued an “overweight” rating and issued a GBX 2,500 target price on shares of SSE in a research note on Thursday, October 16th. UBS Group restated a “buy” rating and set a GBX 2,200 price target on shares of SSE in a research report on Friday, November 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,230 price target on shares of SSE in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada increased their price objective on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SSE presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,332.43.

SSE Price Performance

SSE traded up GBX 20 during midday trading on Monday, hitting GBX 2,363. The stock had a trading volume of 3,528,861 shares, compared to its average volume of 10,332,079. SSE has a 1 year low of GBX 1,446.89 and a 1 year high of GBX 2,364. 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 business has a fifty day moving average of GBX 2,189.75 and a 200 day moving average of GBX 1,936.59. The company has a market cap of £28.36 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

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

SSE Company Profile

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.