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

SSE plc (LON:SSE) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,606.57.

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. UBS Group restated a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SSE from GBX 2,850 to GBX 2,900 and gave the company a “buy” rating in a research report on Friday, April 24th. Citigroup boosted their price objective on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group boosted their price objective on shares of SSE from GBX 2,510 to GBX 3,060 and gave the company a “buy” rating in a research report on Wednesday, March 18th.

SSE Stock Down 4.2%

LON SSE opened at GBX 2,356 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. SSE has a 1-year low of GBX 1,597 and a 1-year high of GBX 2,767.50. The company has a 50 day moving average of GBX 2,616.11 and a 200-day moving average of GBX 2,392.40. The company has a market cap of £28.40 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.06 and a beta of 0.62.

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.