SSE’s (SSE) “Buy” Rating Reiterated at Jefferies Financial Group

SSE (LON:SSE)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research note issued on Thursday, October 1st, MarketBeat.com reports. They currently have a GBX 3,060 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 25.26% from the company’s current price.

Several other analysts have also commented on the stock. Berenberg Bank increased their price target on shares of SSE from GBX 2,800 to GBX 2,980 and gave the company a “buy” rating in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 price target on shares of SSE in a research report on Thursday, September 3rd. Six research 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. Based on data from MarketBeat.com, SSE has an average rating of “Moderate Buy” and a consensus target price of GBX 2,622.

SSE Trading Down 0.7%

SSE stock traded down GBX 16 during midday trading on Thursday, reaching GBX 2,443. The company’s stock had a trading volume of 2,876,610 shares, compared to its average volume of 23,502,859. SSE has a 1 year low of GBX 1,786.50 and a 1 year high of GBX 2,767.50. The stock has a fifty day simple moving average of GBX 2,411.97 and a two-hundred day simple moving average of GBX 2,457.16. The firm has a market capitalization of £29.68 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 3.06 and a beta of 0.58. 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 related news, insider Martin Pibworth purchased 112 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was acquired at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52. Insiders have bought 116 shares of company stock worth $283,568 in the last quarter. Insiders own 0.15% of the company’s stock.

About SSE

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.