SSE plc (LON:SSE) Receives GBX 2,606.57 Average Price Target from Analysts

Shares of SSE plc (LON:SSE) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,606.57.

Several analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research note on Friday, May 29th. JPMorgan Chase & Co. upped their price target on SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,900 price objective on shares of SSE in a research note on Friday, May 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, May 22nd.

SSE Stock Up 1.5%

SSE stock opened at GBX 2,497.35 on Friday. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. SSE has a fifty-two week low of GBX 1,597 and a fifty-two week high of GBX 2,767.50. The firm has a fifty day moving average price of GBX 2,428.34 and a two-hundred day moving average price of GBX 2,463.55. The firm has a market cap of £30.12 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 3.06 and a beta of 0.60.

SSE (LON:SSE) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX 153.50 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,018.65 billion for the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%. As a group, analysts forecast that SSE will post 163.8865004 earnings per share for the current year.

About SSE

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.