SSE (LON:SSE) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

SSE plc (LON:SSE) 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 trading hands.

Analyst Ratings Changes

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

SSE Stock Performance

The company has a debt-to-equity ratio of 81.00, a quick ratio of 0.50 and a current ratio of 0.97. The company has a market capitalization of £31.70 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 3.06 and a beta of 0.64. The business has a 50 day moving average of GBX 2,638.36 and a 200-day moving average of GBX 2,349.72.

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.