SSE (LON:SSE) Sets New 1-Year High – What’s Next?

Shares of SSE plc (LON:SSE) reached a new 52-week high on Tuesday . The company traded as high as GBX 2,646 and last traded at GBX 2,634, with a volume of 15310806 shares. The stock had previously closed at GBX 2,607.

Wall Street Analyst Weigh In

Several research analysts have commented on SSE shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research report on Tuesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,230 price objective on shares of SSE in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a research report on Monday, January 19th. Royal Bank Of Canada lifted their target price on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. Finally, Citigroup increased their price target on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SSE has a consensus rating of “Moderate Buy” and an average price target of GBX 2,359.43.

SSE Stock Up 1.0%

The firm has a market cap of £31.75 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The stock’s 50 day moving average is GBX 2,306.64 and its 200 day moving average is GBX 2,023.44. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62.

Insider Activity

In other news, insider Martin Pibworth acquired 19 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were bought at an average price of GBX 2,423 per share, with a total value of £460.37. In the last 90 days, insiders acquired 29 shares of company stock worth $70,808. 0.16% of the stock is currently owned by company insiders.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.