SSE (LON:SSE) Reaches New 52-Week High – Here’s What Happened

Shares of SSE plc (LON:SSE) reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,458 and last traded at GBX 2,437.78, with a volume of 2920383 shares trading hands. The stock had previously closed at GBX 2,422.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SSE. Deutsche Bank Aktiengesellschaft boosted their price target on shares of SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a report on Monday, January 19th. UBS Group reissued a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a research note on Friday, January 23rd. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. Citigroup upped their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,230 price objective on shares of SSE in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,359.43.

SSE Stock Up 0.7%

The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The business’s fifty day moving average price is GBX 2,235.28 and its two-hundred day moving average price is GBX 1,976.63. The stock has a market capitalization of £29.13 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last posted its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, equities research analysts forecast that SSE plc will post 163.8865004 EPS for the current fiscal year.

Insider Activity at SSE

In other SSE news, insider Martin Pibworth acquired 19 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of GBX 2,423 per share, for a total transaction of £460.37. Over the last quarter, insiders have acquired 31 shares of company stock valued at $74,638. 0.16% of the stock is owned by corporate insiders.

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.