SSE (LON:SSE) Earns “Buy” Rating from Berenberg Bank

SSE (LON:SSE)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They presently have a GBX 2,980 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 21.38% from the company’s current price.

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

SSE Price Performance

SSE stock opened at GBX 2,455 on Tuesday. 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. The stock has a market cap of £29.82 billion, a price-to-earnings ratio of 23.29, a PEG 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 company has a quick ratio of 0.50, a current ratio of 1.20 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 dated Thursday, September 17th. The stock was acquired at an average cost of GBX 2,446 per share, with a total value of £2,739.52. Insiders purchased 115 shares of company stock valued at $281,093 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

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.