Jefferies Financial Group Reaffirms "Buy" Rating for SSE (LON:SSE)

Key Points

• Jefferies Financial Group has reaffirmed a "Buy" rating for SSE, setting a price target of GBX 2,230, indicating a potential upside of 16.54% from its current price.
• JPMorgan Chase and Barclays have also issued positive ratings on SSE, with Barclays setting a target price of GBX 2,500.
• SSE's stock has a current market capitalization of £21.07 billion, with a recent trading price of GBX 1,913.50.

SSE (LON:SSE - Get Free Report)'s stock had its "buy" rating reissued by analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 2,230 price target on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 16.54% from the stock's current price.

Several other research firms have also issued reports on SSE. JPMorgan Chase & Co. restated an "overweight" rating on shares of SSE in a report on Monday. Barclays reissued an "overweight" rating and set a GBX 2,500 target price on shares of SSE in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SSE presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,385.

SSE Price Performance

LON:SSE traded up GBX 9.50 on Thursday, hitting GBX 1,913.50. The company had a trading volume of 14,554,298 shares, compared to its average volume of 14,040,403. The firm has a 50 day moving average of GBX 1,743.44 and a two-hundred day moving average of GBX 1,751.96. The stock has a market capitalization of £21.07 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 3.06 and a beta of 0.56. SSE has a 52 week low of GBX 1,446.89 and a 52 week high of GBX 1,980.52. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62.

SSE Company Profile

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation. Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.

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