Barclays Reiterates "Overweight" Rating for SSE (LON:SSE)

Key Points

• Barclays has reiterated its "overweight" rating for SSE, setting a price objective of GBX 2,500, which suggests a potential upside of 34.74% from the current stock price.
• JPMorgan Chase & Co. has also restated an "overweight" rating for SSE, with two analysts giving it a Buy rating and one a Sell rating; the average price target for the company is GBX 2,462.50.
• SSE stock has recently traded up 0.9%, with a current share price of GBX 1,855.49, and the company's market capitalization stands at £20.43 billion.

SSE (LON:SSE - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Barclays in a report released on Thursday,Digital Look reports. They presently have a GBX 2,500 price objective on the stock. Barclays's price objective indicates a potential upside of 34.74% from the company's current price.

Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of SSE in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 2,462.50.

SSE Trading Up 0.9%

Shares of SSE stock traded up GBX 16.99 on Thursday, reaching GBX 1,855.49. 3,381,375 shares of the company's stock were exchanged, compared to its average volume of 14,197,141. The company has a market capitalization of £20.43 billion, a P/E ratio of 1,716.46, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. SSE has a 52 week low of GBX 1,446.89 and a 52 week high of GBX 1,980.52. The firm's 50-day moving average is GBX 1,734.92 and its two-hundred day moving average is GBX 1,742.21. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10.

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.

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