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

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,980 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 22.38% from the stock’s current price.

SSE has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,650 price target on shares of SSE in a research report on Thursday, September 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research note on Thursday, October 1st. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,622.

SSE Stock Down 1.5%

Shares of SSE stock opened at GBX 2,435 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50. The firm has a market cap of £29.58 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.06 and a beta of 0.58. SSE has a fifty-two week low of GBX 1,760 and a fifty-two week high of GBX 2,767.50. The business has a 50-day moving average price of GBX 2,410.20 and a 200 day moving average price of GBX 2,458.58.

Insider Transactions at SSE

In related news, insider Martin Pibworth acquired 112 shares of SSE stock in a transaction that occurred 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. In the last ninety days, insiders purchased 115 shares of company stock worth $281,093. 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.