SSE’s (SSE) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of SSE (LON:SSE) in a research note published on Tuesday,Digital Look reports. They currently have a GBX 2,980 price objective on the stock.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a report on Thursday, September 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a report on Thursday, October 1st. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,622.

SSE Price Performance

Shares of LON SSE opened at GBX 2,443 on Tuesday. The company has a fifty day moving average price of GBX 2,413.96 and a 200 day moving average price of GBX 2,456.18. The firm has a market cap of £29.68 billion, a PE ratio of 23.18, a PEG ratio of 3.06 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50. SSE has a 1-year low of GBX 1,786.50 and a 1-year high of GBX 2,767.50.

Insider Activity at SSE

In other SSE news, insider Martin Pibworth acquired 112 shares of SSE stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52. In the last three months, insiders have bought 116 shares of company stock worth $283,568. Corporate insiders own 0.15% of the company’s stock.

SSE Company Profile

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.