SSE (LON:SSE) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Technical breakout: SSE's stock crossed above its 200‑day moving average (200‑day MA GBX 2,090.78), trading as high as GBX 2,666 and last at GBX 2,647.30 on heavy volume (334,026,969 shares).
• Analyst outlook: The consensus rating is a "Moderate Buy" (five Buys, one Hold, one Sell) with a consensus price target of GBX 2,359.43, which is notably below the current share price.
• Key fundamentals and insider activity: Market cap is £31.91bn with a P/E of 30.46, PEG 3.06 and debt/equity of 81.00; insider buying has been minimal (0.16% insider ownership, recent small purchases).

SSE plc (LON:SSE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,090.78 and traded as high as GBX 2,666. SSE shares last traded at GBX 2,647.30, with a volume of 334,026,969 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on SSE shares. UBS Group reaffirmed a "neutral" rating and set a GBX 2,350 price target on shares of SSE in a research report on Friday, January 23rd. Citigroup lifted their price target on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a "sell" rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a "buy" rating in a report on Monday, January 19th. Finally, 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 note on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,359.43.

SSE Price Performance

The firm has a market cap of £31.91 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 3.06 and a beta of 0.65. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50. The firm's 50 day moving average is GBX 2,425.37 and its 200 day moving average is GBX 2,090.78.

Insiders Place Their Bets

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