SSE (LON:SSE) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Tuesday, October 6th, Digital Look reports. They presently have a GBX 2,980 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 18.54% from the stock’s current price.

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

SSE Trading Up 1.5%

Shares of SSE stock traded up GBX 37 during trading hours on Tuesday, reaching GBX 2,514. 2,410,732 shares of the company’s stock were exchanged, compared to its average volume of 23,171,451. SSE has a 52-week low of GBX 1,798.50 and a 52-week high of GBX 2,767.50. The firm has a market capitalization of £30.54 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company has a fifty day moving average of GBX 2,418.78 and a 200-day moving average of GBX 2,455.59. 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 Activity at SSE

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

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.