SSE (LON:SSE) Earns “Buy” Rating from Jefferies Financial Group

SSE (LON:SSE)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 3,060 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 29.77% from the company’s previous close.

A number of other analysts have also recently commented on SSE. UBS Group reissued a “neutral” rating and issued a GBX 2,350 price target on shares of SSE in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on SSE from GBX 2,850 to GBX 2,900 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,606.57.

SSE Stock Down 2.0%

LON SSE traded down GBX 47 during trading hours on Friday, reaching GBX 2,358. 16,739,943 shares of the company’s stock traded hands, compared to its average volume of 23,677,982. SSE has a 52-week low of GBX 1,597 and a 52-week high of GBX 2,767.50. The firm has a market cap of £28.42 billion, a PE ratio of 27.13, a PEG ratio of 3.06 and a beta of 0.62. The firm has a 50-day simple moving average of GBX 2,561.43 and a 200 day simple moving average of GBX 2,427.59. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50.

SSE (LON:SSE) last announced its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 earnings per share for the quarter. SSE had a net margin of 8.59% and a return on equity of 7.09%. The business had revenue of GBX 1,018.65 billion for the quarter. Sell-side analysts anticipate that SSE will post 163.8865004 EPS for the current fiscal year.

SSE Company Profile

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.