Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for SSE (LON:SSE) Stock

SSE (LON:SSE) had its price target boosted by research 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 objective points to a potential upside of 9.61% from the stock’s current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price target on SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Citigroup lifted their price objective on SSE from GBX 1,997 to GBX 2,036 and gave the stock a “sell” rating in a research note on Monday, January 26th. Jefferies Financial Group upped their price objective on SSE from GBX 2,510 to GBX 3,060 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, 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. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SSE currently has an average rating of “Moderate Buy” and an average price target of GBX 2,606.57.

SSE Price Performance

Shares of SSE traded down GBX 15.73 during midday trading on Friday, hitting GBX 2,645.77. 126,825,758 shares of the company traded hands, compared to its average volume of 29,150,480. The stock has a market cap of £31.89 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.06 and a beta of 0.64. The firm has a 50 day moving average of GBX 2,636.73 and a 200-day moving average of GBX 2,320.95. The company has a debt-to-equity ratio of 81.00, a quick ratio of 0.50 and a current ratio of 0.97. SSE has a 52 week low of GBX 1,597 and a 52 week high of GBX 2,767.50.

Insider Activity at SSE

In related news, insider Martin Pibworth purchased 19 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of GBX 2,423 per share, for a total transaction 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.