Berenberg Bank Reaffirms “Buy” Rating for SSE (LON:SSE)

SSE (LON:SSE)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a report issued on Tuesday, Digital Look reports. They presently have a GBX 2,980 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 21.67% from the stock’s current price.

Several other analysts have also issued reports on SSE. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,060 price objective on shares of SSE in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 target price on shares of SSE in a research note on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,622.

SSE Trading Up 0.5%

Shares of LON SSE traded up GBX 12.20 during mid-day trading on Tuesday, reaching GBX 2,449.20. 1,013,582 shares of the company’s stock were exchanged, compared to its average volume of 23,388,117. The firm has a market capitalization of £29.75 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 3.06 and a beta of 0.58. The company has a debt-to-equity ratio of 103.50, a quick ratio of 0.50 and a current ratio of 1.20. SSE has a 52-week low of GBX 1,794.50 and a 52-week high of GBX 2,767.50. The company’s 50-day moving average is GBX 2,415.95 and its 200-day moving average is GBX 2,456.13.

Insider Activity at SSE

In other news, insider Martin Pibworth purchased 112 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were bought at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52. Also, insider Barry O’Regan purchased 9 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were purchased at an average price of GBX 2,962 per share, for a total transaction of £266.58. Insiders purchased a total of 125 shares of company stock valued at $310,226 in the last quarter. 0.15% of the stock is owned by insiders.

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.