SSE (LON:SSE) Price Target Raised to GBX 2,036

SSE (LON:SSE) had its target price lifted by analysts at Citigroup from GBX 1,997 to GBX 2,036 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s price objective would suggest a potential downside of 12.68% from the stock’s previous close.

A number of other research firms have also recently issued reports on SSE. Royal Bank Of Canada lifted their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a research note on Friday. 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. Deutsche Bank Aktiengesellschaft upped their price target on SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research note on Monday, January 19th. Finally, Barclays reissued an “overweight” rating and set a GBX 2,500 price objective on shares of SSE in a report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,359.43.

SSE Price Performance

Shares of LON SSE traded up GBX 21.71 during mid-day trading on Monday, reaching GBX 2,331.56. The company had a trading volume of 1,639,722 shares, compared to its average volume of 7,953,667. SSE has a 1-year low of GBX 1,446.89 and a 1-year high of GBX 2,383. The stock has a market cap of £27.98 billion, a PE ratio of 26.83, 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. The company has a 50-day moving average price of GBX 2,211.16 and a two-hundred day moving average price of GBX 1,953.02.

SSE (LON:SSE) last released its quarterly earnings data 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%. On average, equities analysts anticipate 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.