SSE (LON:SSE) Stock Price Crosses Above Two Hundred Day Moving Average of $1,788.46

Shares of SSE plc (LON:SSE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,788.46 ($23.92) and traded as high as GBX 1,906 ($25.49). SSE shares last traded at GBX 1,883 ($25.19), with a volume of 4,110,950 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of SSE in a research report on Friday, July 5th.

SSE Stock Up 0.6 %

The company’s 50-day moving average price is GBX 1,901.72 and its 200 day moving average price is GBX 1,789.12. The stock has a market cap of £20.83 billion, a PE ratio of 1,207.05, a price-to-earnings-growth ratio of 3.06 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.

Insiders Place Their Bets

In related news, insider Martin Pibworth bought 40 shares of the stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of GBX 1,938 ($25.92) per share, with a total value of £775.20 ($1,036.92). Company insiders own 0.12% of the company’s stock.

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.