SSE plc (LON:SSE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of SSE plc (LON:SSE) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 2,359.43.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,425 target price on shares of SSE in a research note on Tuesday, November 4th. Citigroup boosted their price target on shares of SSE from GBX 1,997 to GBX 2,036 and gave the company a “sell” rating in a report on Monday, January 26th. Royal Bank Of Canada upped their target price on shares of SSE from GBX 2,200 to GBX 2,475 and gave the company an “outperform” rating in a research note on Friday, November 14th. UBS Group reiterated a “neutral” rating and issued a GBX 2,350 price objective on shares of SSE in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on SSE from GBX 2,350 to GBX 2,500 and gave the company a “buy” rating in a research report on Monday, January 19th.

Insiders Place Their Bets

In other SSE news, insider Martin Pibworth purchased 19 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average cost of GBX 2,423 per share, for a total transaction of £460.37. Insiders have bought 29 shares of company stock worth $70,808 over the last quarter. 0.16% of the stock is currently owned by corporate insiders.

SSE Trading Up 0.0%

Shares of SSE stock opened at GBX 2,693.36 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62. SSE has a 1 year low of GBX 1,446.89 and a 1 year high of GBX 2,704. The firm’s fifty day simple moving average is GBX 2,395.86 and its 200 day simple moving average is GBX 2,072.49. The firm has a market capitalization of £32.46 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

About SSE

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.