SSE (LON:SSE) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• SSE shares passed above their 200-day moving average
• Analysts have lifted several price targets recently — five Buy, one Hold and one Sell — leaving an average rating of Moderate Buy and an average price target of GBX 2,606.57 (notable raises include Jefferies to GBX 3,060 and JPMorgan to GBX 2,925).
• Key fundamentals: market cap £31.70 billion, PE 30.26, PEG 3.06, beta 0.64, with modest liquidity (quick ratio 0.50, current ratio 0.97) and a debt‑to‑equity ratio of 81.00.

SSE plc (LON:SSE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,349.72 and traded as high as GBX 2,648.50. SSE shares last traded at GBX 2,629.58, with a volume of 1,163,682 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the stock a "sell" rating in a research note on Monday, January 26th. Jefferies Financial Group lifted their price objective 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. UBS Group reaffirmed a "neutral" rating and issued a GBX 2,350 price objective on shares of SSE in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on SSE from GBX 2,580 to GBX 2,925 and gave the stock an "overweight" rating in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on SSE from GBX 2,850 to GBX 2,900 and gave the stock a "buy" rating in a report on Friday, April 24th. 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 stock. Based on data from MarketBeat, SSE currently has an average rating of "Moderate Buy" and an average price target of GBX 2,606.57.

SSE Stock Performance

The company has a market cap of £31.70 billion, a PE ratio of 30.26, a PEG ratio of 3.06 and a beta of 0.64. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00. The company has a 50-day moving average of GBX 2,638.36 and a 200-day moving average of GBX 2,349.72.

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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