Insider Buying: SSE (LON:SSE) Insider Acquires £460.37 in Stock

SSE plc (LON:SSE) insider Martin Pibworth acquired 19 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of GBX 2,423 per share, for a total transaction of £460.37.

Martin Pibworth also recently made the following trade(s):

• On Tuesday, January 6th, Martin Pibworth bought 1 shares of SSE stock. The stock was purchased at an average cost of GBX 2,307 per share, with a total value of GBX 2,307.
• On Thursday, November 6th, Martin Pibworth purchased 2 shares of SSE stock. The shares were acquired at an average cost of GBX 1,915 per share, for a total transaction of GBX 3,830.

SSE Price Performance

Shares of SSE stock opened at GBX 2,422 on Monday. The company has a market capitalization of £29.07 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 3.06 and a beta of 0.56. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The stock’s 50-day simple moving average is GBX 2,229.09 and its 200-day simple moving average is GBX 1,972.49. SSE plc has a 52 week low of GBX 1,446.89 and a 52 week high of GBX 2,443.

SSE (LON:SSE) last issued its earnings results on Wednesday, November 12th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. As a group, analysts expect that SSE plc will post 163.8865004 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SSE has been the subject of a number of research reports. UBS Group restated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a report on Monday, January 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,230 target price on shares of SSE in a report on Thursday, October 23rd. Citigroup boosted their target price on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada raised their price target on SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a report on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,359.43.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.