SSE (LON:SSE) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of SSE plc (LON:SSE – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,768.14 and traded as high as GBX 1,902.50. SSE shares last traded at GBX 1,900.50, with a volume of 13,651,297 shares trading hands.

Analyst Ratings Changes

SSE has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SSE in a research report on Monday, October 20th. Barclays reaffirmed an “overweight” rating and set a GBX 2,500 price target on shares of SSE in a report on Thursday, October 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,230 price target on shares of SSE in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,385.

Read Our Latest Stock Report on SSE

SSE Stock Performance

The business’s fifty day moving average price is GBX 1,755.31 and its 200-day moving average price is GBX 1,768.14. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. The stock has a market cap of £20.93 billion, a PE ratio of 17.58, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE Company Profile

(Get Free Report)

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.

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