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

SSE (LON:SSE)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,980 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 19.98% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 3,060 price target on shares of SSE in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 price objective on shares of SSE in a report 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Stock Performance

SSE opened at GBX 2,483.74 on Tuesday. SSE has a 1-year low of GBX 1,760 and a 1-year high of GBX 2,767.50. The company has a market cap of £30.17 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.06 and a beta of 0.58. The company’s fifty day moving average price is GBX 2,410.20 and its two-hundred day moving average price is GBX 2,458.58. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50.

Insider Buying and Selling at SSE

In other news, insider Martin Pibworth acquired 112 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was acquired at an average price of GBX 2,446 per share, for a total transaction of £2,739.52. Insiders purchased 115 shares of company stock worth $281,093 in the last 90 days. 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.