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

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

Several other analysts also recently weighed in on SSE. UBS Group reiterated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Citigroup boosted their price objective 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, Jefferies Financial Group raised their target price on shares of SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,606.57.

SSE Trading Down 0.6%

Shares of SSE stock traded down GBX 15.73 on Friday, reaching GBX 2,645.77. 126,825,758 shares of the company’s stock were exchanged, compared to its average volume of 29,150,480. The company’s fifty day simple moving average is GBX 2,636.73 and its 200 day simple moving average is GBX 2,320.95. SSE has a 52 week low of GBX 1,597 and a 52 week 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 stock has a market capitalization of £31.89 billion, a PE ratio of 30.45, a P/E/G ratio of 3.06 and a beta of 0.64.

Insider Activity at SSE

In related news, insider Martin Pibworth acquired 19 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were purchased at an average cost of GBX 2,423 per share, with a total value of £460.37. Insiders own 0.16% 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.