SSE (LON:SSE) Price Target Raised to GBX 2,980

SSE (LON:SSE) had its price objective increased by Berenberg Bank from GBX 2,800 to GBX 2,980 in a report issued on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

SSE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,650 price target on shares of SSE in a research note on Thursday, September 3rd. UBS Group reiterated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a report on Friday, May 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,060 target price on shares of SSE in a report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,622.

SSE Stock Down 2.2%

SSE opened at GBX 2,432 on Thursday. The firm has a 50-day simple moving average of GBX 2,403.47 and a two-hundred day simple moving average of GBX 2,476.65. The company has a market capitalization of £29.34 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. SSE has a 52 week low of GBX 1,652 and a 52 week high of GBX 2,767.50. 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.