SSE (LON:SSE) Stock Price Expected to Rise, Berenberg Bank Analyst Says

SSE (LON:SSE) had its target price increased by equities researchers at Berenberg Bank from GBX 2,800 to GBX 2,980 in a research note issued to investors on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 21.88% from the company’s current price.

Several other equities analysts have also issued reports on SSE. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,650 target price on shares of SSE in a research report on Thursday, September 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,060 price objective on shares of SSE in a research note on Friday, May 29th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research note on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,622.

SSE Trading Up 1.8%

LON SSE opened at GBX 2,445 on Thursday. The stock has a 50-day simple moving average of GBX 2,401.91 and a 200 day simple moving average of GBX 2,478.42. The company has a market capitalization of £29.49 billion, a PE ratio of 23.20, a P/E/G ratio of 3.06 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 103.50. SSE has a 12 month low of GBX 1,652 and a 12 month high of GBX 2,767.50.

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.