SSE (LON:SSE) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• SSE plc's stock price has crossed above its 200-day moving average, reaching GBX 1,818 ($24.25) while the average stands at GBX 1,741.11 ($23.22).
• JPMorgan Chase & Co. has reaffirmed an "overweight" rating on SSE, which has a consensus rating of "Hold" and a price target of GBX 2,425.
• The company has a market capitalization of £20.02 billion and indicates strong positioning within the energy sector focused on renewable and regulated electricity networks.

SSE plc (LON:SSE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,741.11 ($23.22) and traded as high as GBX 1,818.56 ($24.25). SSE shares last traded at GBX 1,818 ($24.25), with a volume of 1,825,092 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of SSE in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 2,425.

SSE Stock Performance

The firm has a market capitalization of £20.02 billion, a P/E ratio of 1,681.78, a P/E/G ratio of 3.06 and a beta of 0.56. The stock's 50 day moving average is GBX 1,736.27 and its two-hundred day moving average is GBX 1,741.11. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50.

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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