SSE (LON:SSE) Price Target Raised to GBX 2,475 at Royal Bank Of Canada

SSE (LON:SSE) had its price objective increased by equities research analysts at Royal Bank Of Canada from GBX 2,200 to GBX 2,475 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 11.79% from the stock’s current price.

A number of other brokerages also recently commented on SSE. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a research report on Thursday, October 16th. UBS Group reiterated a “buy” rating and set a GBX 2,200 target price on shares of SSE in a research note 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. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SSE currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,304.50.

SSE Stock Down 2.2%

LON:SSE traded down GBX 49 during trading hours on Friday, hitting GBX 2,214. 235,112,484 shares of the company traded hands, compared to its average volume of 14,283,893. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The company has a market cap of £24.38 billion, a PE ratio of 20.48, a PEG ratio of 3.06 and a beta of 0.56. The firm’s 50-day simple moving average is GBX 1,809.10 and its 200-day simple moving average is GBX 1,794.29. SSE has a one year low of GBX 222.70 and a one year high of GBX 2,307.

SSE (LON:SSE) last released its quarterly earnings results 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 analysts predict that SSE will post 163.8865004 earnings per share for the current 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.