SSE’s (SSE) “Buy” Rating Reiterated at Jefferies Financial Group

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued on Thursday, Marketbeat reports. They currently have a GBX 3,060 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 22.89% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Berenberg Bank upped their price target on shares of SSE from GBX 2,800 to GBX 2,980 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a report on Thursday, September 3rd. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SSE has a consensus rating of “Moderate Buy” and an average target price of GBX 2,622.

SSE Price Performance

SSE stock opened at GBX 2,490 on Thursday. 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 1,760 and a 12-month high of GBX 2,767.50. The company has a market cap of £30.04 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The stock has a 50-day moving average price of GBX 2,407.57 and a two-hundred day moving average price of GBX 2,460.09.

Insider Activity at SSE

In other news, insider Martin Pibworth purchased 112 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were bought at an average price of GBX 2,446 per share, for a total transaction of £2,739.52. Insiders have purchased a total of 115 shares of company stock valued at $281,093 in the last quarter. 0.15% 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.