SSE (LON:SSE) Shares Up 10.8% – Here’s What Happened

SSE plc (LON:SSE)’s stock price rose 10.8% during trading on Wednesday . The company traded as high as GBX 2,307 and last traded at GBX 2,187.37. Approximately 1,336,877,750 shares were traded during mid-day trading, an increase of 6,817% from the average daily volume of 19,326,898 shares. The stock had previously closed at GBX 1,974.50.

Analyst Upgrades and Downgrades

SSE has been the topic of several research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,425 price objective on shares of SSE in a research note on Tuesday, November 4th. UBS Group reissued a “buy” rating and set a GBX 2,200 price target on shares of SSE in a research report on Friday, November 7th. Barclays restated an “overweight” rating and set a GBX 2,500 price objective on shares of SSE in a research note on Thursday, October 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,230 target price on shares of SSE in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,338.75.

SSE Stock Performance

The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. The stock has a 50 day moving average of GBX 1,784.67 and a 200 day moving average of GBX 1,788.19. The stock has a market capitalization of £24.09 billion, a P/E ratio of 20.23, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last announced its quarterly earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. Equities analysts predict that SSE plc will post 163.8865004 EPS for the current year.

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.