Insider Buying: SSE (LON:SSE) Insider Purchases 112 Shares of Stock

Key Points

• SSE insider Martin Pibworth purchased 112 shares at GBX 2,446 each, for a total value of £2,739.52. He also made several smaller purchases in July and August.
• SSE shares recently traded at GBX 2,480, giving the company a market capitalization of approximately £29.92 billion; the stock has ranged between GBX 1,664 and GBX 2,767.50 over the past year.
• Analysts maintain a generally positive outlook, with six Buy ratings, one Hold, and one Sell. The consensus rating is Moderate Buy, with an average price target of GBX 2,622.

SSE plc (LON:SSE - Get Free Report) insider Martin Pibworth bought 112 shares of the firm's stock in a transaction on 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.

Martin Pibworth also recently made the following trade(s):

• On Friday, September 4th, Martin Pibworth bought 2 shares of SSE stock. The shares were bought at an average price of GBX 2,391 per share, with a total value of GBX 4,782.
• On Thursday, August 6th, Martin Pibworth acquired 1 shares of SSE stock. The stock was acquired at an average cost of GBX 2,359 per share, for a total transaction of GBX 2,359.
• On Monday, July 6th, Martin Pibworth bought 2 shares of SSE stock. The stock was purchased at an average cost of GBX 2,479 per share, with a total value of GBX 4,958.

SSE Price Performance

Shares of LON:SSE traded up GBX 48 during trading on Monday, hitting GBX 2,480. 228,212,547 shares of the company's stock were exchanged, compared to its average volume of 26,218,916. The business's 50-day simple moving average is GBX 2,403.47 and its 200 day simple moving average is GBX 2,475.13. The company has a market cap of £29.92 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.06 and a beta of 0.58. SSE plc has a 52-week low of GBX 1,664 and a 52-week high of GBX 2,767.50. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50.

Analysts Set New Price Targets

SSE has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a "buy" rating and set a GBX 3,060 price objective on shares of SSE in a research note on Friday, May 29th. Berenberg Bank boosted their price objective on shares of SSE from GBX 2,800 to GBX 2,980 and gave the company a "buy" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,650 price target on shares of SSE in a report on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,622.

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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