SSE (LON:SSE) Trading 11.7% Higher – Should You Buy?

SSE plc (LON:SSE) rose 11.7% on Wednesday . The company traded as high as GBX 2,230 and last traded at GBX 2,206. Approximately 275,259,563 shares changed hands during mid-day trading, an increase of 1,798% from the average daily volume of 14,501,360 shares. The stock had previously closed at GBX 1,974.50.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SSE shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a report on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 price target on shares of SSE in a research report on Thursday, October 23rd. UBS Group reissued a “buy” rating and issued a GBX 2,200 target price on shares of SSE in a research note on Friday, November 7th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 2,500 price objective on shares of SSE in a report on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,338.75.

SSE Stock Up 16.8%

The business has a 50-day moving average price of GBX 1,784.67 and a 200-day moving average price of GBX 1,788.19. The firm has a market cap of £25.41 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.06 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62.

SSE (LON:SSE) last posted its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. On average, equities analysts forecast 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.