Jefferies Financial Group Reaffirms “Buy” Rating for SSE (LON:SSE)

SSE (LON:SSE)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued on Thursday, MarketBeat reports. They currently have a GBX 3,060 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 23.54% from the stock’s current price.

SSE has been the topic of a number of other reports. Berenberg Bank lifted their price target on SSE from GBX 2,800 to GBX 2,980 and gave the company a “buy” rating in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,650 target price on shares of SSE in a report on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,622.

SSE Trading Down 0.6%

SSE stock traded down GBX 14 during midday trading on Thursday, reaching GBX 2,477. The stock had a trading volume of 23,067,111 shares, compared to its average volume of 24,162,209. The company has a fifty day moving average of GBX 2,405.14 and a 200 day moving average of GBX 2,465.67. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50. The firm has a market cap of £29.88 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. SSE has a 52-week low of GBX 1,686.50 and a 52-week high of GBX 2,767.50.

Insider Buying and Selling at SSE

In other SSE news, insider Martin Pibworth acquired 112 shares of SSE stock in a transaction dated Thursday, September 17th. The stock was bought at an average price of GBX 2,446 per share, for a total transaction of £2,739.52. Over the last ninety days, insiders have purchased 117 shares of company stock valued at $286,051. Corporate insiders own 0.15% 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.