SSE (LON:SSE) Hits New 12-Month High - Here's What Happened

Key Points

• SSE reached a new 52-week high, trading as high as GBX 2,711 (last at GBX 2,710) and was up about 1.3% on the day with roughly 48.7 million shares changing hands.
• Analysts are broadly positive—five Buys, one Hold and one Sell—with an average rating of Moderate Buy and an average price target of GBX 2,359.43, though several firms recently raised targets (Deutsche Bank GBX 2,500; RBC GBX 2,475).
• The company has a market cap of £33.01 billion and a P/E of 31.52, its 50-day and 200-day SMAs (GBX 2,482 and GBX 2,124) sit below the current price, and insiders made small recent purchases (insider ownership ~0.16%).

SSE plc (LON:SSE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 2,711 and last traded at GBX 2,710, with a volume of 48705066 shares trading hands. The stock had previously closed at GBX 2,704.

Analyst Upgrades and Downgrades

SSE has been the subject of a number of research analyst reports. UBS Group restated a "neutral" rating and set a GBX 2,350 price objective on shares of SSE in a research report on Friday, January 23rd. Royal Bank Of Canada lifted their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an "outperform" rating in a research report on Friday, November 14th. Citigroup boosted their target price on shares of SSE from GBX 1,997 to GBX 2,036 and gave the stock a "sell" rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a "buy" rating in a research report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, one has issued 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 price target of GBX 2,359.43.

SSE Stock Up 1.3%

The company has a market cap of £33.01 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The business has a fifty day simple moving average of GBX 2,482.41 and a two-hundred day simple moving average of GBX 2,124.59. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00.

Insider Buying and Selling

In other SSE news, insider Martin Pibworth acquired 19 shares of the business's stock in a transaction on Friday, January 30th. The stock was bought at an average price of GBX 2,423 per share, for a total transaction of £460.37. In the last three months, insiders have bought 30 shares of company stock valued at $73,444. 0.16% of the stock is currently owned by corporate insiders.

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.

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