SSE’s (SSE) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

SSE (LON:SSE)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 2,900 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 24.41% from the company’s current price.

A number of other equities research analysts have also commented on the stock. UBS Group reissued a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a report on Friday, May 22nd. JPMorgan Chase & Co. increased their price objective on shares of SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a report on Friday. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,606.57.

SSE Price Performance

Shares of SSE stock traded down GBX 74 during mid-day trading on Friday, reaching GBX 2,331. 338,645,250 shares of the stock were exchanged, compared to its average volume of 26,833,918. The company has a market cap of £28.10 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.62. 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 has a 50-day simple moving average of GBX 2,561.43 and a 200 day simple moving average of GBX 2,427.59. SSE has a fifty-two week low of GBX 1,597 and a fifty-two week high of GBX 2,767.50.

SSE (LON:SSE) last issued its quarterly earnings data on Thursday, May 28th. The company reported GBX 153.50 EPS for the quarter. SSE had a net margin of 8.59% and a return on equity of 7.09%. The firm had revenue of GBX 1,018.65 billion for the quarter. On average, sell-side analysts predict 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.