SSE (LON:SSE) Reaches New 12-Month High - Still a Buy?

Key Points

• Shares hit a new 52-week high, trading as high as GBX 2,765.50 and last at GBX 2,758 on volume of about 17.9 million shares.
• Analyst sentiment is broadly positive (five Buys, one Hold, one Sell) with a MarketBeat consensus of Moderate Buy and a consensus target of GBX 2,549.43, though several brokers raised targets (Jefferies GBX 3,060; JPMorgan GBX 2,925).
• Fundamentals show a market cap of £33.26bn with a P/E of 31.75 and debt-to-equity of 81%, indicating solid valuation metrics but relatively high leverage as SSE grows its renewables and network businesses.

Shares of SSE plc (LON:SSE - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,765.50 and last traded at GBX 2,758, with a volume of 17905053 shares changing hands. The stock had previously closed at GBX 2,752.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on SSE from GBX 2,580 to GBX 2,925 and gave the company an "overweight" rating in a research report on Wednesday, April 1st. UBS Group restated a "neutral" rating and issued a GBX 2,350 price target on shares of SSE in a research report on Friday, January 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 research report on Monday, January 19th. Citigroup boosted their price target on SSE from GBX 1,997 to GBX 2,036 and gave the company a "sell" rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group increased their target price on SSE from GBX 2,510 to GBX 3,060 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,549.43.

SSE Stock Up 0.3%

The company has a debt-to-equity ratio of 81.00, a quick ratio of 0.50 and a current ratio of 0.97. The firm has a fifty day moving average price of GBX 2,616.92 and a 200 day moving average price of GBX 2,272.47. The firm has a market capitalization of £33.26 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.06 and a beta of 0.64.

Insider Activity at SSE

In other SSE news, insider Martin Pibworth purchased 19 shares of SSE stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of GBX 2,423 per share, with a total value of £460.37. 0.16% of the stock is owned by corporate insiders.

SSE Company Profile

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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