SSE (LON:SSE) Sets New 1-Year High – Here’s Why

SSE plc (LON:SSE) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 2,397 and last traded at GBX 2,392, with a volume of 1992910 shares. The stock had previously closed at GBX 2,356.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SSE shares. UBS Group reissued a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a research report on Thursday, October 23rd. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research report on Tuesday, November 4th. Finally, Citigroup lifted their price target on SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SSE currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,359.43.

SSE Stock Performance

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 stock has a market cap of £28.71 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The firm’s 50-day moving average is GBX 2,215.97 and its two-hundred day moving average is GBX 1,960.32.

SSE (LON:SSE) last released its quarterly 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 expect that SSE plc will post 163.8865004 EPS for the current year.

SSE Company Profile

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.