SSE (LON:SSE) Stock Price Up 10.8% Following Dividend Announcement

SSE plc (LON:SSE)’s stock price traded up 10.8% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. 1,336,877,750 shares traded hands during trading, an increase of 6,817% from the average session volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of SSE from GBX 2,000 to GBX 2,350 and gave the company a “buy” rating in a research note on Friday. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a report on Thursday, October 16th. Citigroup lowered SSE to a “sell” rating and set a GBX 1,997 price objective for the company. in a report on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,425 target price on shares of SSE in a research note on Tuesday, November 4th. Finally, UBS Group reissued a “buy” rating and issued a GBX 2,200 price target on shares of SSE in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,311.

SSE Trading Down 1.6%

The business has a 50 day simple moving average of GBX 1,820.61 and a 200-day simple moving average of GBX 1,798.50. 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 P/E ratio of 20.60, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last posted its quarterly earnings data on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, analysts predict that SSE plc will post 163.8865004 EPS for the current 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.