SSE plc (LON:SSE) Receives GBX 2,549.43 Average Target Price from Analysts

SSE plc (LON:SSE) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,549.43.

SSE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a report on Monday, January 19th. UBS Group reissued a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price objective on SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Citigroup raised their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group raised their price objective on SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a research report on Wednesday, March 18th.

SSE Stock Down 0.4%

LON SSE opened at GBX 2,708.50 on Monday. SSE has a 52 week low of GBX 1,589.50 and a 52 week high of GBX 2,767.50. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00. The business’s fifty day simple moving average is GBX 2,632.19 and its 200-day simple moving average is GBX 2,289.45. The firm has a market cap of £32.65 billion, a PE ratio of 31.17, a P/E/G ratio of 3.06 and a beta of 0.64.

Insider Activity

In other SSE news, insider Martin Pibworth acquired 19 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of GBX 2,423 per share, with a total value of £460.37. Insiders own 0.16% 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.