SSE (LON:SSE) Trading 10.8% Higher – Time to Buy?

SSE plc (LON:SSE) rose 10.8% during trading on Wednesday . The stock traded as high as GBX 2,307 and last traded at GBX 2,187.37. Approximately 1,336,877,750 shares traded hands during mid-day trading, an increase of 6,817% from the average daily volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Wall Street Analysts Forecast Growth

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

SSE Stock Performance

The firm has a 50 day simple moving average of GBX 1,784.67 and a 200-day simple moving average of GBX 1,788.19. The company has a market cap of £24.09 billion, a price-to-earnings ratio of 20.23, a PEG 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.

SSE (LON:SSE) last issued its quarterly earnings data on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. As a group, 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.