SSE (LON:SSE) Earns Buy Rating from Jefferies Financial Group

SSE (LON:SSE)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 3,060 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 22.79% from the company’s previous close.

Several other brokerages have also weighed in on SSE. Berenberg Bank lifted their price objective on SSE from GBX 2,800 to GBX 2,980 and gave the stock a “buy” rating in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 price objective on shares of SSE in a report on Thursday, September 3rd. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Stock Up 1.1%

SSE opened at GBX 2,492 on Thursday. SSE has a twelve month low of GBX 1,760 and a twelve month high of GBX 2,767.50. The company’s 50-day moving average price is GBX 2,407.57 and its two-hundred day moving average price is GBX 2,460.09. The stock has a market cap of £30.06 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.06 and a beta of 0.58. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50.

Insider Activity at SSE

In related news, insider Martin Pibworth purchased 112 shares of SSE stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52. Insiders acquired 115 shares of company stock valued at $281,093 over the last three months. 0.15% of the stock is 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.