SSE plc (LON:SSE) Receives GBX 2,549.43 Average PT from Analysts

SSE plc (LON:SSE) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 2,549.43.

Several equities analysts have commented on the stock. Citigroup increased their target price on shares of SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research report on Monday, January 26th. Jefferies Financial Group increased 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of SSE from GBX 2,350 to GBX 2,500 and gave the stock a “buy” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. increased their target price on shares of SSE from GBX 2,580 to GBX 2,925 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Finally, UBS Group reissued a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research report on Friday, January 23rd.

SSE Trading Up 0.4%

SSE stock opened at GBX 2,479.50 on Monday. The company has a debt-to-equity ratio of 81.00, a current ratio of 0.97 and a quick ratio of 0.50. The company has a market capitalization of £29.89 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.06 and a beta of 0.64. SSE has a one year low of GBX 1,589.50 and a one year high of GBX 2,767.50. The company’s fifty day moving average price is GBX 2,635.92 and its two-hundred day moving average price is GBX 2,305.26.

Insider Activity

In other SSE news, insider Martin Pibworth purchased 19 shares of the stock in a transaction dated Friday, January 30th. The shares were bought at an average cost of GBX 2,423 per share, with a total value of £460.37. Corporate 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.