Berenberg Bank Issues Positive Forecast for SSE (LON:SSE) Stock Price

SSE (LON:SSE) had its target price increased by investment analysts at Berenberg Bank from GBX 2,800 to GBX 2,980 in a report issued on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.88% from the company’s previous close.

A number of other analysts have also recently commented on SSE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a research note on Thursday, September 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 price target on shares of SSE in a report on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and set a GBX 2,350 price target on shares of SSE in a research report on Friday, May 22nd. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Trading Up 1.8%

SSE stock opened at GBX 2,445 on Thursday. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. The firm has a 50-day moving average of GBX 2,401.91 and a 200-day moving average of GBX 2,478.42. The company has a market cap of £29.49 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 3.06 and a beta of 0.58. SSE has a one year low of GBX 1,652 and a one year high of GBX 2,767.50.

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.