SSE plc (LON:SSE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Seven brokers give SSE a consensus rating of "Moderate Buy" (5 buys, 1 hold, 1 sell) with an average 12‑month price target of GBX 2,549, though broker targets vary from ~GBX 2,036 (Citigroup) up to GBX 3,060 (Jefferies) and GBX 2,925 (JPMorgan).
• Market position and fundamentals: SSE opened at GBX 2,762.50 (above the consensus target), has a £33.3bn market cap, P/E of 31.8, PEG 3.06 and debt/equity of 81%, and insiders own just 0.16% with a small recent purchase of 19 shares by Martin Pibworth.

SSE plc (LON:SSE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 2,549.43.

SSE has been the subject of a number of research reports. UBS Group reiterated a "neutral" rating and issued a GBX 2,350 price objective on shares of SSE in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of SSE from GBX 2,350 to GBX 2,500 and gave the company a "buy" rating in a report on Monday, January 19th. Citigroup lifted their price target on shares of SSE from GBX 1,997 to GBX 2,036 and gave the stock a "sell" rating in a report on Monday, January 26th. Jefferies Financial Group boosted their price objective on shares of SSE from GBX 2,510 to GBX 3,060 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. increased their price objective on SSE from GBX 2,580 to GBX 2,925 and gave the company an "overweight" rating in a report on Wednesday, April 1st.

Insiders Place Their Bets

In related news, insider Martin Pibworth acquired 19 shares of the firm's stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average cost of GBX 2,423 per share, for a total transaction of £460.37. 0.16% of the stock is owned by insiders.

SSE Price Performance

Shares of LON:SSE opened at GBX 2,762.50 on Monday. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50. The company has a market cap of £33.30 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 3.06 and a beta of 0.64. SSE has a one year low of GBX 1,553 and a one year high of GBX 2,767.50. The firm has a 50 day simple moving average of GBX 2,616.92 and a 200 day simple moving average of GBX 2,272.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.