SSE (LON:SSE) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

SSE (LON:SSE)‘s stock had its “buy” rating restated by Deutsche Bank Aktiengesellschaft in a report issued on Thursday, Digital Look reports. They currently have a GBX 2,650 price objective on the stock. Deutsche Bank Aktiengesellschaft‘s target price indicates a potential downside of 0.19% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,980 target price on shares of SSE in a report on Tuesday, October 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research report on Thursday, October 1st. Five investment 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, SSE currently has an average rating of “Moderate Buy” and an average target price of GBX 2,639.43.

SSE Stock Up 2.0%

Shares of SSE stock traded up GBX 51 on Thursday, hitting GBX 2,655. The stock had a trading volume of 11,554,425 shares, compared to its average volume of 23,118,367. 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 business has a 50 day moving average of GBX 2,450.99 and a 200 day moving average of GBX 2,478.43. SSE has a 12-month low of GBX 1,843 and a 12-month high of GBX 2,767.50. The stock has a market cap of £32.25 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

Insider Buying and Selling at SSE

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