SSE (OTCMKTS:SSEZY) Hits New 12-Month High – Time to Buy?

Shares of Sse Plc (OTCMKTS:SSEZY) hit a new 52-week high on Tuesday . The stock traded as high as $37.02 and last traded at $36.61, with a volume of 1882995 shares traded. The stock had previously closed at $35.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group cut shares of SSE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of SSE in a research note on Friday, November 14th. Morgan Stanley restated an “overweight” rating on shares of SSE in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SSE in a report on Friday, November 14th. Finally, Zacks Research raised SSE from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

SSE Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.65. The business has a 50 day simple moving average of $33.81 and a 200 day simple moving average of $28.75.

About SSE

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.