SSE plc (LON:SSE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• SSE has an average “Moderate Buy” rating from seven covering brokerages: five buys, one hold and one sell. The average 12-month price target is GBX 2,606.57.
• Recent analyst targets remain mixed but generally positive, with Jefferies setting a GBX 3,060 target and Deutsche Bank GBX 2,900, while UBS maintained a neutral rating and GBX 2,350 target.
• SSE shares opened at GBX 2,420 and were down 0.5%, with the company reporting quarterly EPS of GBX 153.50 and revenue of GBX 1,018.65 billion.

SSE plc (LON:SSE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,606.57.

Several analysts recently commented on SSE shares. Jefferies Financial Group reissued a "buy" rating and set a GBX 3,060 price objective on shares of SSE in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,900 target price on shares of SSE in a research note on Friday, May 29th. Finally, UBS Group reiterated a "neutral" rating and set a GBX 2,350 price target on shares of SSE in a report on Friday, May 22nd.

SSE Trading Down 0.5%

LON SSE opened at GBX 2,420 on Friday. SSE has a 12 month low of GBX 1,597 and a 12 month high of GBX 2,767.50. The stock has a market cap of £29.19 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.06 and a beta of 0.58. The stock's fifty day moving average price is GBX 2,402.96 and its 200-day moving average price is GBX 2,501.45. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50.

SSE (LON:SSE - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX 153.50 earnings per share for the quarter. The firm had revenue of GBX 1,018.65 billion during the quarter. SSE had a return on equity of 9.45% and a net margin of 11.87%. As a group, equities analysts forecast that SSE will post 163.8865004 EPS for the current fiscal year.

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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