Jefferies Financial Group Forecasts Strong Price Appreciation for SSE (LON:SSE) Stock

SSE (LON:SSE) had its price target raised by analysts at Jefferies Financial Group from GBX 2,510 to GBX 3,060 in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 16.08% from the stock’s current price.

Several other research analysts also recently commented on SSE. Citigroup raised 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. 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 report on Monday, January 19th. Finally, UBS Group restated a “neutral” rating and set a GBX 2,350 target price on shares of SSE in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,478.

SSE Price Performance

Shares of SSE stock opened at GBX 2,636 on Wednesday. The stock has a market cap of £31.77 billion, a P/E ratio of 30.33, a P/E/G ratio of 3.06 and a beta of 0.67. The company has a debt-to-equity ratio of 81.00, a quick ratio of 0.50 and a current ratio of 0.97. The stock’s fifty day moving average is GBX 2,525.89 and its 200 day moving average is GBX 2,156.93. SSE has a one year low of GBX 1,468 and a one year high of GBX 2,763.

Insider Buying and Selling at SSE

In other SSE news, insider Martin Pibworth bought 19 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average price of GBX 2,423 per share, for a total transaction of £460.37. Insiders bought a total of 30 shares of company stock valued at $73,444 over the last three months. Corporate insiders own 0.16% of the company’s stock.

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.