SSE (LON:SSE) Sets New 1-Year Low – Time to Sell?

SSE plc (LON:SSE)’s share price reached a new 52-week low on Friday . The company traded as low as GBX 222.70 and last traded at GBX 2,212, with a volume of 234534969 shares changing hands. The stock had previously closed at GBX 2,263.

Analyst Upgrades and Downgrades

SSE has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,230 price objective on shares of SSE in a research note on Thursday, October 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 target price on shares of SSE in a report on Tuesday, November 4th. Barclays reiterated an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a research note on Thursday, October 16th. Finally, UBS Group reissued a “buy” rating and set a GBX 2,200 price objective on shares of SSE in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,338.75.

SSE Stock Down 1.8%

The stock has a market cap of £24.46 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.06 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62. The firm’s fifty day moving average is GBX 1,809.10 and its 200 day moving average is GBX 1,794.29.

SSE (LON:SSE) last issued 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, equities research analysts forecast 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.