SSE plc (LON:SSE) Given Average Rating of “Moderate Buy” by Analysts

Shares of SSE plc (LON:SSE) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,570.86.

Several analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a research note on Friday, May 29th. UBS Group restated a “neutral” rating and issued a GBX 2,350 price target on shares of SSE in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 price objective on shares of SSE in a research report on Thursday, September 3rd.

SSE Price Performance

SSE opened at GBX 2,382 on Thursday. SSE has a 12-month low of GBX 1,631 and a 12-month high of GBX 2,767.50. The company has a market cap of £28.73 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The stock has a fifty day simple moving average of GBX 2,413.03 and a two-hundred day simple moving average of GBX 2,487.85. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50.

About SSE

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.