SSE (LON:SSE) Sets New 52-Week High – Time to Buy?

Shares of SSE plc (LON:SSE) hit a new 52-week high on Tuesday . The stock 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 Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank Of Canada increased their price target 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. UBS Group restated a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research note on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,230 target price on shares of SSE in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a report on Monday, January 19th. Finally, Citigroup raised their price objective 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,359.43.

SSE Stock Performance

The company has a market capitalization of £31.75 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 3.06 and a beta of 0.56. The stock has a 50 day simple moving average of GBX 2,306.64 and a 200 day simple moving average of 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 Buying and Selling

In related news, insider Martin Pibworth acquired 19 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of GBX 2,423 per share, for a total transaction of £460.37. In the last ninety days, insiders acquired 29 shares of company stock worth $70,808. 0.16% of the stock is owned by corporate 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.