SSE (LON:SSE) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of SSE plc (LON:SSE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,885.65 and traded as high as GBX 2,165. SSE shares last traded at GBX 2,155, with a volume of 204,857 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on SSE from GBX 2,000 to GBX 2,350 and gave the company a “buy” rating in a report on Friday, November 14th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,230 price target on shares of SSE in a report on Thursday, October 23rd. UBS Group restated a “buy” rating and issued a GBX 2,200 price objective on shares of SSE in a research note on Friday, November 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada boosted their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,311.

SSE Price Performance

The company has a market cap of £25.87 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.06 and a beta of 0.56. 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 simple moving average of GBX 2,076.17 and a 200 day simple moving average of GBX 1,887.52.

SSE (LON:SSE) last issued its earnings results on Wednesday, November 12th. The company reported GBX 36.10 EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, equities analysts expect 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.