SSE plc (SSE.L) - What Are Researchers Thinking About This Stock?

Key Points

• SSE has a “Moderate Buy” consensus among seven analysts: five rate it a buy, one a hold and one a sell. The average 12-month price target is GBX 2,639.43.
• Recent broker updates were broadly positive, with Berenberg, Jefferies and Deutsche Bank reiterating buy ratings and setting price targets ranging from GBX 2,650 to GBX 3,060.
• SSE shares opened at GBX 2,663, up 0.6%, with a market capitalization of approximately £32.35 billion. Insiders have also purchased 125 shares worth about $310,226 over the past three months.

SSE plc (LON:SSE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat.com reports. One 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 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 2,639.43.

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

SSE Trading Up 0.6%

SSE stock opened at GBX 2,663 on Friday. 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 company has a market cap of £32.35 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 3.06 and a beta of 0.56. The business has a fifty day simple moving average of GBX 2,456.59 and a 200-day simple moving average of GBX 2,480.18. SSE has a 52 week low of GBX 1,843 and a 52 week high of GBX 2,767.50.

Insider Activity at SSE

In related news, insider Barry O'Regan acquired 9 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was purchased at an average cost of GBX 2,962 per share, for a total transaction of £266.58. Also, insider Martin Pibworth bought 112 shares of the business's stock in a transaction on 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. Over the last three months, insiders have purchased 125 shares of company stock worth $310,226. 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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