SSE plc (LON:SSE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SSE plc (LON:SSE) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,359.43.

A number of research analysts have weighed in on SSE shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research note on Tuesday, November 4th. Royal Bank Of Canada upped their price objective on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. Citigroup increased their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised their target price on SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research report on Monday, January 19th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,350 price target on shares of SSE in a research report on Friday, January 23rd.

SSE Price Performance

Shares of LON:SSE opened at GBX 2,583.27 on Friday. The company has a market capitalization of £31.14 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company’s 50-day moving average is GBX 2,345.81 and its 200 day moving average is GBX 2,043.11. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. SSE has a fifty-two week low of GBX 1,446.89 and a fifty-two week high of GBX 2,667.

Insider Buying and Selling

In other SSE news, insider Martin Pibworth bought 19 shares of the business’s stock in a transaction on Friday, January 30th. The stock was purchased at an average price of GBX 2,423 per share, for a total transaction of £460.37. Insiders have bought 29 shares of company stock worth $70,808 over the last quarter. 0.16% of the stock is owned by corporate insiders.

SSE Company Profile

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.