SSE (LON:SSE) Stock Rating Reaffirmed as Buy by Berenberg Bank

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

Several other research analysts also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,060 target price on shares of SSE in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,650 price objective 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,622.

SSE Stock Performance

Shares of LON SSE opened at GBX 2,435 on Tuesday. The stock has a market cap 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. SSE has a 1 year low of GBX 1,760 and a 1 year high of GBX 2,767.50. The firm has a fifty day moving average price of GBX 2,411.97 and a 200-day moving average price of GBX 2,457.16. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50.

Insider Activity

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

About SSE

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.