SSE (LON:SSE) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reiterated its “Buy” rating on SSE and set a GBX 2,650 price target, implying approximately 0.19% downside from the reported share price.
• Analyst sentiment remains positive, with five Buy ratings, one Hold and one Sell; MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of GBX 2,639.43.
• SSE shares rose 2% to GBX 2,655 during Thursday trading, while insiders purchased 125 shares worth approximately £3,006 over the past 90 days.

SSE (LON:SSE - Get Free Report)'s stock had its "buy" rating reiterated by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 2,650 price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential downside of 0.19% from the stock's current price.

Several other brokerages have also recently weighed in on SSE. Berenberg Bank reissued a "buy" rating and issued a GBX 2,980 price objective on shares of SSE in a research note on Tuesday, October 6th. 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. Five research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,639.43.

SSE Trading Up 2.0%

Shares of LON:SSE traded up GBX 51 during midday trading on Thursday, hitting GBX 2,655. 11,554,425 shares of the stock were exchanged, compared to its average volume of 23,118,367. The stock has a market capitalization of £32.25 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 103.50, a quick ratio of 0.50 and a current ratio of 1.20. The business's 50-day moving average price is GBX 2,450.99 and its 200 day moving average price is GBX 2,478.43. SSE has a 12 month low of GBX 1,843 and a 12 month high of GBX 2,767.50.

Insider Buying and Selling

In related news, insider Martin Pibworth acquired 112 shares of the stock in a transaction dated Thursday, September 17th. The stock was 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 business's stock in a transaction dated Thursday, October 8th. The shares were bought at an average cost of GBX 2,962 per share, for a total transaction of £266.58. Insiders have acquired a total of 125 shares of company stock worth $310,226 over the last 90 days. Company insiders own 0.15% of the company's stock.

About SSE

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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