SSE plc (LON:SSE) Stock Has Consensus Target Price of GBX 2,622

Key Points

• SSE has a “Moderate Buy” consensus rating from eight analysts: six buys, one hold, and one sell. The average 12-month price target is GBX 2,622.
• Recent analysts remain positive, with Berenberg raising its target to GBX 2,980, while Deutsche Bank and Jefferies maintained buy ratings with targets of GBX 2,650 and GBX 3,060, respectively.
• SSE shares opened at GBX 2,445, below the consensus target, with a 12-month trading range of GBX 1,745.50 to GBX 2,767.50. Insider Martin Pibworth also purchased 112 shares in September.

SSE plc (LON:SSE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 2,622.

Several analysts have recently commented on SSE shares. Berenberg Bank increased their price objective on SSE from GBX 2,800 to GBX 2,980 and gave the stock a "buy" rating in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,650 target price on shares of SSE in a report on Thursday, September 3rd. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 3,060 price target on shares of SSE in a report on Thursday.

SSE Price Performance

Shares of SSE opened at GBX 2,445 on Monday. SSE has a 12-month low of GBX 1,745.50 and a 12-month high of GBX 2,767.50. The business's fifty day moving average is GBX 2,406.39 and its 200 day moving average is GBX 2,462.10. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50. The stock has a market cap of £29.49 billion, a P/E ratio of 23.20, a P/E/G ratio of 3.06 and a beta of 0.58.

Insiders Place Their Bets

In related news, insider Martin Pibworth bought 112 shares of SSE stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of GBX 2,446 per share, with a total value of £2,739.52. Insiders have bought 115 shares of company stock valued at $281,093 in the last 90 days. 0.15% of the stock is owned by insiders.

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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