SSE (LON:SSE) Insider Acquires £2,739.52 in Stock

SSE plc (LON:SSE) insider Martin Pibworth acquired 112 shares of SSE stock in a transaction dated Thursday, September 17th. The stock was purchased at an average price of GBX 2,446 per share, for a total transaction of £2,739.52.

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

• On Friday, September 4th, Martin Pibworth bought 2 shares of SSE stock. The stock was bought at an average price of GBX 2,391 per share, with a total value of GBX 4,782.
• On Thursday, August 6th, Martin Pibworth purchased 1 shares of SSE stock. The stock was acquired at an average price of GBX 2,359 per share, with a total value of GBX 2,359.
• On Monday, July 6th, Martin Pibworth purchased 2 shares of SSE stock. The shares were purchased at an average price of GBX 2,479 per share, for a total transaction of GBX 4,958.

SSE Price Performance

Shares of SSE stock traded up GBX 48 during midday trading on Monday, reaching GBX 2,480. 228,212,547 shares of the company traded hands, compared to its average volume of 26,218,916. The firm’s 50 day simple moving average is GBX 2,403.47 and its two-hundred day simple moving average is GBX 2,475.13. The firm has a market cap of £29.92 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. SSE plc has a 1-year low of GBX 1,664 and a 1-year high of GBX 2,767.50.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 3,060 target price on shares of SSE in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,650 price target on shares of SSE in a research report on Thursday, September 3rd. Finally, Berenberg Bank increased their price target on SSE from GBX 2,800 to GBX 2,980 and gave the stock a “buy” rating in a research report on Thursday. Six 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,622.

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.