SSE (LON:SSE) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

SSE (LON:SSE) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,350 to GBX 2,500 in a note issued to investors on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 5.80% from the company’s previous close.

Several other brokerages also recently commented on SSE. Royal Bank Of Canada raised their target price on SSE from GBX 2,200 to GBX 2,475 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 target price on shares of SSE in a report on Thursday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,425 price target on shares of SSE in a report on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,230 price target on shares of SSE in a research report on Thursday, October 23rd. Finally, Citigroup downgraded SSE to a “sell” rating and set a GBX 1,997 price objective on the stock. in a research report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,332.43.

SSE Stock Performance

SSE stock traded up GBX 20 during mid-day trading on Monday, reaching GBX 2,363. The company’s stock had a trading volume of 3,528,861 shares, compared to its average volume of 10,332,079. The firm’s fifty day moving average price is GBX 2,189.75 and its two-hundred day moving average price is GBX 1,936.59. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. SSE has a 12-month low of GBX 1,446.89 and a 12-month high of GBX 2,364. The company has a market capitalization of £28.36 billion, a P/E ratio of 27.19, a PEG ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE) last posted its earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. Sell-side analysts predict that SSE will post 163.8865004 EPS for the current fiscal year.

SSE Company Profile

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.