SSE (LON:SSE) Earns Buy Rating from Jefferies Financial Group

SSE (LON:SSE)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, London Stock Exchange reports. They currently have a GBX 3,060 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 23.39% from the stock’s previous close.

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

SSE Stock Down 0.4%

LON SSE opened at GBX 2,479.91 on Thursday. The company has a debt-to-equity ratio of 103.50, a current ratio of 1.20 and a quick ratio of 0.50. The company’s 50 day simple moving average is GBX 2,405.14 and its 200 day simple moving average is GBX 2,465.67. SSE has a 12 month low of GBX 1,686.50 and a 12 month high of GBX 2,767.50. The company has a market capitalization of £29.92 billion, a P/E ratio of 23.53, a PEG ratio of 3.06 and a beta of 0.58.

Insider Buying and Selling at SSE

In related news, insider Martin Pibworth purchased 112 shares of SSE stock in a transaction dated Thursday, September 17th. The stock was acquired at an average cost of GBX 2,446 per share, with a total value of £2,739.52. In the last 90 days, insiders bought 117 shares of company stock valued at $286,051. 0.15% 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.