SSE plc (LON:SSE) Receives GBX 2,606.57 Average PT from Brokerages

Shares of SSE plc (LON:SSE) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat 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 1-year price target among brokers that have covered the stock in the last year is GBX 2,606.57.

Several research firms have recently commented on SSE. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,060 target price on shares of SSE in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,900 target price on shares of SSE in a research report on Friday, May 29th. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of 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 Up 0.3%

Shares of SSE opened at GBX 2,394.48 on Tuesday. The stock has a market capitalization of £28.86 billion, a P/E ratio of 27.55, a PEG ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50. The firm has a fifty day simple moving average of GBX 2,531.70 and a two-hundred day simple moving average of GBX 2,434.39. SSE has a twelve month low of GBX 1,597 and a twelve month high of GBX 2,767.50.

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

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.