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

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on SSE and set a GBX 2,980 price target, implying 19.63% potential upside from the current price.
• Analyst sentiment remains favorable: six analysts rate SSE a Buy, one rates it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and GBX 2,622 target price.
• SSE shares opened at GBX 2,491 and have risen 1.0%; the company has a £30.05 billion market capitalization and operates renewable energy generation and electricity networks across Great Britain and Ireland.

SSE (LON:SSE - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Berenberg Bank in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 2,980 price target on the stock. Berenberg Bank's target price would suggest a potential upside of 19.63% from the stock's current price.

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

SSE Stock Up 1.0%

SSE opened at GBX 2,491 on Tuesday. The firm has a 50-day simple moving average of GBX 2,407.57 and a two-hundred day simple moving average of GBX 2,460.09. SSE has a 52 week low of GBX 1,760 and a 52 week high of GBX 2,767.50. The company has a market capitalization of £30.05 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. 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 Activity at SSE

In other news, insider Martin Pibworth purchased 112 shares of the stock in a transaction dated Thursday, September 17th. The shares were acquired at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52. Insiders have bought 115 shares of company stock worth $281,093 over the last ninety days. Corporate 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.

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