SSE plc (LON:SSE) Stock Has Consensus Target Price of GBX 2,622 According to Brokerages

SSE plc (LON:SSE) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,622.

A number of analysts have weighed in on SSE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,650 price objective on shares of SSE in a research report on Thursday, September 3rd. Berenberg Bank restated a “buy” rating and set a GBX 2,980 price objective on shares of SSE in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,060 target price on shares of SSE in a report on Thursday, October 1st.

Insider Activity

In other SSE 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. Over the last ninety days, insiders purchased 115 shares of company stock worth $281,093. Corporate insiders own 0.15% of the company’s stock.

SSE Stock Performance

LON SSE opened at GBX 2,435 on Monday. The firm has a market cap of £29.58 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.06 and a beta of 0.58. SSE has a 52-week low of GBX 1,760 and a 52-week high of GBX 2,767.50. The business’s 50-day moving average price is GBX 2,411.97 and its 200 day moving average price is GBX 2,457.16. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 103.50.

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.