Deutsche Bank Aktiengesellschaft Boosts SSE (LON:SSE) Price Target to GBX 2,900

SSE (LON:SSE) had its price target hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 2,850 to GBX 2,900 in a report issued on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 9.61% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of SSE from GBX 2,510 to GBX 3,060 and gave the company a “buy” rating in a research report on Wednesday, March 18th. JPMorgan Chase & Co. lifted their price target on shares of SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Citigroup lifted their price target on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a research report on Monday, January 26th. Finally, UBS Group reissued a “neutral” rating and set a GBX 2,350 price objective on shares of SSE in a research note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,606.57.

SSE Price Performance

SSE stock opened at GBX 2,645.77 on Friday. The firm has a 50 day moving average of GBX 2,637.45 and a 200-day moving average of GBX 2,330.90. SSE has a 12-month low of GBX 1,597 and a 12-month high of GBX 2,767.50. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. The company has a market cap of £31.89 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.06 and a beta of 0.64.

Insider Buying and Selling at SSE

In other SSE news, insider Martin Pibworth acquired 19 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of GBX 2,423 per share, with a total value of £460.37. 0.16% of the stock is currently owned by company 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.