SSE (LON:SSE) Earns “Buy” Rating from Jefferies Financial Group

SSE (LON:SSE)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report released on Thursday, London Stock Exchange reports. They currently have a GBX 3,060 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 23.29% from the company’s previous close.

SSE has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a report on Thursday, September 3rd. Berenberg Bank boosted their price objective on SSE from GBX 2,800 to GBX 2,980 and gave the company a “buy” rating in a research report on Thursday, September 17th. Six investment 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,622.

SSE Stock Down 0.4%

LON SSE opened at GBX 2,482 on Thursday. SSE has a twelve month low of GBX 1,686.50 and a twelve month high of GBX 2,767.50. The stock has a market cap of £29.94 billion, a PE ratio of 23.55, a PEG ratio of 3.06 and a beta of 0.58. The firm has a 50-day simple moving average of GBX 2,405.14 and a 200 day simple moving average of GBX 2,465.67. The company has a debt-to-equity ratio of 103.50, a quick ratio of 0.50 and a current ratio of 1.20.

Insiders Place Their Bets

In other SSE news, insider Martin Pibworth bought 112 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were acquired at an average price of GBX 2,446 per share, with a total value of £2,739.52. Insiders have bought a total of 117 shares of company stock valued at $286,051 over the last quarter. Insiders own 0.15% 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.