SSE (LON:SSE) Shares Cross Above 200-Day Moving Average – What’s Next?

SSE plc (LON:SSE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,349.72 and traded as high as GBX 2,648.50. SSE shares last traded at GBX 2,629.58, with a volume of 1,163,682 shares.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SSE. Jefferies Financial Group lifted their price objective on shares of SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a report on Wednesday, March 18th. UBS Group reaffirmed a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a report on Friday, January 23rd. Citigroup lifted their price objective on shares of SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a report on Monday, January 26th. JPMorgan Chase & Co. boosted their price target on shares of SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of SSE from GBX 2,850 to GBX 2,900 and gave the stock a “buy” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,606.57.

SSE Stock Down 0.4%

The stock’s fifty day moving average is GBX 2,638.36 and its two-hundred day moving average is GBX 2,353.44. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. The company has a market capitalization of £31.70 billion, a PE ratio of 30.26, a P/E/G ratio of 3.06 and a beta of 0.64.

SSE Company Profile

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.