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

SSE (LON:SSE)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 3,060 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 25.05% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Berenberg Bank lifted their price objective on shares of SSE from GBX 2,800 to GBX 2,980 and gave the company 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 objective on shares of SSE in a research report on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Trading Down 1.1%

LON SSE opened at GBX 2,447 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. The stock has a 50 day moving average of GBX 2,406.39 and a 200-day moving average of GBX 2,463.84. SSE has a 12 month low of GBX 1,725 and a 12 month high of GBX 2,767.50. The company has a market cap of £29.52 billion, a PE ratio of 23.22, a PEG ratio of 3.06 and a beta of 0.58.

Insider Activity at SSE

In other news, insider Martin Pibworth bought 112 shares of the stock in a transaction dated 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 purchased a total of 117 shares of company stock valued at $286,051 over the last 90 days. 0.15% of the stock is currently owned by corporate 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.