Brokerages Set SSE plc (LON:SSE) Target Price at GBX 2,606.57

Shares of SSE plc (LON:SSE) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,606.57.

A number of brokerages recently weighed in on SSE. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,900 target price on shares of SSE in a report on Friday, May 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a research report on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research note on Friday, May 22nd.

SSE Price Performance

LON:SSE opened at GBX 2,386 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50. The business’s 50-day moving average price is GBX 2,405.37 and its 200 day moving average price is GBX 2,501.67. SSE has a 52-week low of GBX 1,597 and a 52-week high of GBX 2,767.50. The firm has a market cap of £28.78 billion, a P/E ratio of 22.64, a PEG ratio of 3.06 and a beta of 0.58.

SSE (LON:SSE) last posted its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 earnings per share for the quarter. SSE had a net margin of 11.87% and a return on equity of 9.45%. The company had revenue of GBX 1,018.65 billion during the quarter. As a group, sell-side analysts predict that SSE will post 163.8865004 earnings per share for the current fiscal 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.