SSE plc (LON:SSE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SSE plc (LON:SSE) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 2,478.

A number of brokerages have issued reports on SSE. Jefferies Financial Group boosted their price target on SSE from GBX 2,510 to GBX 3,060 and gave the company a “buy” rating in a report on Wednesday, March 18th. UBS Group reaffirmed a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a report on Friday, January 23rd. Citigroup boosted their target price on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a report on Monday, January 19th.

SSE Stock Performance

Shares of SSE stock opened at GBX 2,551 on Thursday. SSE has a 52-week low of GBX 1,468 and a 52-week high of GBX 2,763. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00. The stock has a market cap of £30.75 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The business has a 50-day simple moving average of GBX 2,546.32 and a 200-day simple moving average of GBX 2,185.75.

Insider Buying and Selling

In other SSE news, insider Martin Pibworth acquired 19 shares of the company’s stock in a transaction on Friday, January 30th. The shares were bought at an average cost of GBX 2,423 per share, with a total value of £460.37. Insiders purchased 21 shares of company stock valued at $50,980 over the last quarter. 0.16% of the stock is currently owned by company insiders.

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.