SSE (LON:SSE) Given Buy Rating at Berenberg Bank

SSE (LON:SSE)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 2,980 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 22.38% from the company’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,622.

SSE Price Performance

Shares of LON:SSE opened at GBX 2,435 on Tuesday. SSE has a one year low of GBX 1,760 and a one year high of GBX 2,767.50. The stock has a fifty day moving average of GBX 2,411.97 and a 200-day moving average of GBX 2,457.16. The company has a market capitalization of £29.58 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The company has a debt-to-equity ratio of 103.50, a quick ratio of 0.50 and a current ratio of 1.20.

Insider Activity at SSE

In related news, insider Martin Pibworth acquired 112 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average cost of GBX 2,446 per share, with a total value of £2,739.52. Insiders have purchased 115 shares of company stock worth $281,093 in the last ninety days. Company insiders own 0.15% of the company’s stock.

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.