SSE (LON:SSE) Price Target Raised to GBX 2,500

SSE (LON:SSE) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 2,350 to GBX 2,500 in a research report released on Monday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other research analysts also recently weighed in on SSE. Barclays restated an “overweight” rating and issued a GBX 2,500 target price on shares of SSE in a research note on Thursday, October 16th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,230 price objective on shares of SSE in a research report on Thursday, October 23rd. UBS Group restated a “buy” rating and set a GBX 2,200 target price on shares of SSE in a research note on Friday, November 7th. Citigroup cut SSE to a “sell” rating and set a GBX 1,997 price target on the stock. in a research note on Friday, November 14th. Finally, Royal Bank Of Canada increased their price target on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a report on Friday, November 14th. Six equities research 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 a consensus price target of GBX 2,332.43.

SSE Price Performance

SSE stock opened at GBX 2,330.80 on Monday. The firm has a market cap of £27.98 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. SSE has a 1 year low of GBX 1,446.89 and a 1 year high of GBX 2,364. The stock has a 50-day simple moving average of GBX 2,207.75 and a 200-day simple moving average of GBX 1,946.02.

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