SSE plc (LON:SSE) Receives Average Rating of “Moderate Buy” from Analysts

SSE plc (LON:SSE) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,478.

A number of research firms have recently weighed in on SSE. Citigroup upped their target price on SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research report on Monday, January 26th. Jefferies Financial Group raised their price target on SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a research note on Monday, January 19th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research note on Friday, January 23rd.

SSE Trading Down 1.6%

Shares of LON:SSE opened at GBX 2,699 on Thursday. The business’s 50 day simple moving average is GBX 2,518.51 and its 200 day simple moving average is GBX 2,153.58. SSE has a 1 year low of GBX 1,468 and a 1 year high of GBX 2,763. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50. The company has a market capitalization of £32.53 billion, a P/E ratio of 31.06, a P/E/G ratio of 3.06 and a beta of 0.67.

Insider Activity

In other news, insider Martin Pibworth purchased 19 shares of SSE stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average price of GBX 2,423 per share, for a total transaction of £460.37. In the last quarter, insiders have purchased 30 shares of company stock worth $73,444. Company 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.