SSE plc (LON:SSE) Given Average Rating of “Moderate Buy” by Brokerages

SSE plc (LON:SSE) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,606.57.

SSE has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a research report on Friday, May 29th. UBS Group reiterated a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,900 target price on shares of SSE in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. boosted their target price on SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st.

SSE Trading Down 0.7%

Shares of LON SSE opened at GBX 2,335 on Wednesday. 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 market capitalization of £28.17 billion, a P/E ratio of 22.15, a P/E/G ratio of 3.06 and a beta of 0.59. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. The company’s 50 day simple moving average is GBX 2,401.88 and its 200 day simple moving average is GBX 2,496.71.

SSE (LON:SSE) last released its earnings results on Thursday, May 28th. The company reported GBX 153.50 EPS for the quarter. The firm had revenue of GBX 1,018.65 billion during the quarter. SSE had a net margin of 11.87% and a return on equity of 9.45%. On average, analysts predict that SSE will post 163.8865004 EPS 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.