SSE (LON:SSE) Sets New 1-Year High at $2,003.00

Shares of SSE plc (LON:SSE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,003 ($26.46) and last traded at GBX 1,994.50 ($26.35), with a volume of 1547749 shares trading hands. The stock had previously closed at GBX 1,986.50 ($26.24).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,050 ($27.08) target price on shares of SSE in a research note on Tuesday, May 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SSE in a research note on Friday, July 5th.

SSE Price Performance

The stock has a market capitalization of £21.80 billion, a price-to-earnings ratio of 1,290.38, a PEG ratio of 3.14 and a beta of 0.56. The company has a debt-to-equity ratio of 78.20, a quick ratio of 0.50 and a current ratio of 1.10. The company has a 50 day moving average of GBX 1,885.81 and a 200 day moving average of GBX 1,774.53.

SSE Company Profile

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.