Jefferies Financial Group Forecasts Strong Price Appreciation for SSE (LON:SSE) Stock

SSE (LON:SSE) had its price objective upped by research analysts at Jefferies Financial Group from GBX 2,510 to GBX 3,060 in a report issued on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 13.38% from the stock’s previous close.

Several other equities analysts have also commented on SSE. Citigroup raised their target price on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a report on Monday, January 26th. UBS Group restated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,478.

SSE Price Performance

Shares of LON:SSE traded down GBX 44 during trading on Wednesday, reaching GBX 2,699. 36,671,945 shares of the company traded hands, compared to its average volume of 29,048,604. The firm has a market capitalization of £32.53 billion, a PE ratio of 31.06, a PEG ratio of 3.06 and a beta of 0.67. SSE has a 52 week low of GBX 1,468 and a 52 week high of GBX 2,763. The company has a quick ratio of 0.50, a current ratio of 0.97 and a debt-to-equity ratio of 81.00. The company’s 50 day moving average is GBX 2,510.65 and its two-hundred day moving average is GBX 2,149.74.

Insider Transactions at SSE

In related news, insider Martin Pibworth acquired 19 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of GBX 2,423 per share, with a total value of £460.37. In the last ninety days, insiders have purchased 30 shares of company stock worth $73,444. 0.16% of the stock is owned by corporate 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.