SSE (LON:SSE) Trading Up 10.8% – Here’s Why

SSE plc (LON:SSE) shot up 10.8% during mid-day trading on Wednesday . The stock traded as high as GBX 2,307 and last traded at GBX 2,187.37. 1,336,877,750 shares were traded 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.

Wall Street Analysts Forecast Growth

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

SSE Trading Up 10.8%

The business has a 50 day moving average of GBX 1,796.17 and a 200 day moving average of GBX 1,790.98. The firm has a market capitalization 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 earnings results 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, research analysts predict that SSE plc will post 163.8865004 earnings per share 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.