SSE (LON:SSE) Given Buy Rating at Berenberg Bank

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Tuesday, Digital Look reports. They presently have a GBX 2,980 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.98% from the company’s previous close.

A number of other research firms have also weighed in on SSE. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a research report on Thursday, September 3rd. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Price Performance

Shares of LON SSE opened at GBX 2,443 on Tuesday. SSE has a fifty-two week low of GBX 1,786.50 and a fifty-two week high of GBX 2,767.50. The company has a 50 day simple moving average of GBX 2,413.96 and a two-hundred day simple moving average of GBX 2,456.18. The company has a market capitalization of £29.68 billion, a price-to-earnings ratio of 23.18, a P/E/G 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.

Insider Transactions at SSE

In related news, insider Martin Pibworth bought 112 shares of the stock in a transaction on Thursday, September 17th. The shares were acquired at an average price of GBX 2,446 per share, for a total transaction of £2,739.52. In the last quarter, insiders have bought 116 shares of company stock worth $283,568. 0.15% of the stock is currently owned by corporate 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.