SSE (LON:SSE) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• SSE's stock has crossed above its 200-day moving average, trading as high as GBX 2,750 and last at GBX 2,706 versus the 200-day MA of GBX 2,254 on volume of about 4.65 million shares.
• Analysts give SSE a “Moderate Buy” consensus (five Buy, one Hold, one Sell) with a consensus target of GBX 2,549.43, though several firms recently raised targets (Jefferies GBX 3,060; JPMorgan GBX 2,925).
• Key fundamentals: market cap £32.62bn, P/E 31.14, PEG 3.06, high debt-to-equity of 81.00, and low liquidity (current ratio 0.97, quick ratio 0.50); insider buying was negligible (19 shares).

SSE plc (LON:SSE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,254.02 and traded as high as GBX 2,750. SSE shares last traded at GBX 2,706, with a volume of 4,653,242 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group reissued a "neutral" rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on SSE from GBX 2,350 to GBX 2,500 and gave the stock a "buy" rating in a research report on Monday, January 19th. Jefferies Financial Group raised their price target on shares of SSE from GBX 2,510 to GBX 3,060 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. raised their price target on shares of 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, Citigroup lifted their target price on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a "sell" rating in a research note on Monday, January 26th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,549.43.

SSE Price Performance

The company has a market cap of £32.62 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 3.06 and a beta of 0.64. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. The firm's fifty day moving average price is GBX 2,603.60 and its 200-day moving average price is GBX 2,254.02.

Insider Buying and Selling

In other news, insider Martin Pibworth bought 19 shares of the company's stock in a transaction dated Friday, January 30th. The shares were bought 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 company 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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