SSE (LON:SSE) Price Target Raised to GBX 3,060 at Jefferies Financial Group

SSE (LON:SSE) had its target price increased by Jefferies Financial Group from GBX 2,510 to GBX 3,060 in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Citigroup increased their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a report on Monday, January 26th. UBS Group restated a “neutral” rating and issued a GBX 2,350 target price on shares of SSE in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research note on Monday, January 19th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,478.

SSE Price Performance

SSE stock opened at GBX 2,699 on Wednesday. The stock has a 50-day moving average price of GBX 2,518.51 and a two-hundred day moving average price of GBX 2,153.58. SSE has a 1 year low of GBX 1,468 and a 1 year high of GBX 2,763. The stock has a market cap of £32.53 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00.

Insider Transactions at SSE

In other news, insider Martin Pibworth purchased 19 shares of the company’s stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of GBX 2,423 per share, with a total value of £460.37. Insiders have acquired 30 shares of company stock worth $73,444 over the last 90 days. Corporate insiders own 0.16% 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.