SSE (LON:SSE) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

SSE (LON:SSE) had its price objective increased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,000 to GBX 2,350 in a research note issued to investors on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 5.52% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,230 target price on shares of SSE in a report on Thursday, October 23rd. Citigroup downgraded SSE to a “sell” rating and set a GBX 1,997 price objective on the stock. in a research report on Friday. UBS Group reiterated a “buy” rating and set a GBX 2,200 target price on shares of SSE in a research report on Friday, November 7th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,425 price target on shares of SSE in a research note on Tuesday, November 4th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 2,500 price objective on shares of SSE in a report on Thursday, October 16th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SSE currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,311.

SSE Stock Performance

Shares of SSE stock traded down GBX 36 on Friday, hitting GBX 2,227. 804,468,875 shares of the company’s stock were exchanged, compared to its average volume of 16,848,561. SSE has a 1 year low of GBX 1,446.89 and a 1 year high of GBX 2,307. The company has a 50-day simple moving average of GBX 1,809.10 and a 200-day simple moving average of 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 stock has a market capitalization of £24.52 billion, a PE ratio of 20.60, a PEG ratio of 3.06 and a beta of 0.56.

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