SSE (LON:SSE) Trading 10.8% Higher – Here’s What Happened

SSE plc (LON:SSE) shares were up 10.8% during trading on Wednesday . The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. Approximately 10,193,327 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 13,296,515 shares. The stock had previously closed at GBX 1,974.50.

Analyst Ratings Changes

Several analysts have recently weighed in on SSE shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,425 price objective on shares of SSE in a report on Tuesday, November 4th. Barclays reissued an “overweight” rating and issued a GBX 2,500 price target on shares of SSE in a report on Thursday, October 16th. UBS Group restated a “buy” rating and set a GBX 2,200 price objective on shares of SSE in a research report on Friday, November 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,230 target price on shares of SSE in a report on Thursday, October 23rd. Four equities research 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 presently has an average rating of “Moderate Buy” and an average target price of GBX 2,338.75.

SSE Price Performance

The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The firm has a market cap of £24.09 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The stock’s fifty day moving average price is GBX 1,784.67 and its 200-day moving average price is GBX 1,788.19.

SSE (LON:SSE) last posted 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%. Equities research analysts predict that SSE plc will post 163.8865004 EPS for the current fiscal 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.