SSE plc (LON:SSE) Stock Rated “Moderate Buy” by Sell-Side Brokerages

SSE plc (LON:SSE – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 2,622.

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 target price on shares of SSE in a research note on Thursday, September 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,060 target price on shares of SSE in a report on Thursday, October 1st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,980 price target on shares of SSE in a research report on Tuesday, October 6th.

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Insider Transactions at SSE

In other SSE news, insider Barry O’Regan acquired 9 shares of SSE stock in a transaction dated Thursday, October 8th. The stock was bought 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 SSE stock in a transaction dated Thursday, September 17th. The shares were acquired at an average price of GBX 2,446 per share, with a total value of £2,739.52. Insiders acquired a total of 125 shares of company stock valued at $310,226 over the last three months. 0.15% of the stock is owned by corporate insiders.

SSE Stock Up 0.8%

Shares of SSE stock opened at GBX 2,474 on Monday. SSE has a 1 year low of GBX 1,794.50 and a 1 year high of GBX 2,767.50. The stock has a market cap of £30.05 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The business’s fifty day moving average is GBX 2,415.95 and its 200-day moving average is GBX 2,455.84. The company has a debt-to-equity ratio of 103.50, a quick ratio of 0.50 and a current ratio of 1.20.

About SSE

(Get Free Report)

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.

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