SSE plc (LON:SSE – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,673.30 ($21.06) and traded as high as GBX 1,804.69 ($22.71). SSE shares last traded at GBX 1,766 ($22.22), with a volume of 7,868,517 shares changing hands.
A number of research firms have recently commented on SSE. Morgan Stanley reiterated an “overweight” rating on shares of SSE in a report on Wednesday, May 11th. Citigroup upgraded shares of SSE to a “buy” rating and set a GBX 1,829 ($23.01) price objective on the stock in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,000 ($25.17) price target on shares of SSE in a research report on Thursday. Barclays reiterated an “overweight” rating and issued a GBX 2,000 ($25.17) price target on shares of SSE in a research report on Monday, February 21st. Finally, Berenberg Bank upgraded shares of SSE to a “buy” rating and increased their price target for the stock from GBX 1,690 ($21.27) to GBX 2,200 ($27.68) in a research report on Wednesday, May 11th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,823 ($22.94).
The stock has a market capitalization of £19.67 billion and a P/E ratio of 7.29. The company’s 50-day moving average price is GBX 1,798.25 and its 200 day moving average price is GBX 1,674.65. The company has a debt-to-equity ratio of 135.61, a quick ratio of 0.34 and a current ratio of 0.72.
In related news, insider Angela Strank bought 483 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average cost of GBX 1,849 ($23.27) per share, with a total value of £8,930.67 ($11,237.79).
About SSE (LON:SSE)
SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates and, develops high voltage electricity transmission system in the north of Scotland and remote islands.
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