Insider Buying: SSE (LON:SSE) Insider Purchases £2,739.52 in Stock

SSE plc (LON:SSE) insider Martin Pibworth purchased 112 shares of SSE stock in a transaction dated Thursday, September 17th. The shares were acquired at an average cost of GBX 2,446 per share, for a total transaction of £2,739.52.

Martin Pibworth also recently made the following trade(s):

• On Friday, September 4th, Martin Pibworth bought 2 shares of SSE stock. The shares were acquired at an average cost of GBX 2,391 per share, for a total transaction of GBX 4,782.
• On Thursday, August 6th, Martin Pibworth bought 1 shares of SSE stock. The shares were acquired at an average price of GBX 2,359 per share, for a total transaction of GBX 2,359.
• On Monday, July 6th, Martin Pibworth bought 2 shares of SSE stock. The shares were acquired at an average price of GBX 2,479 per share, for a total transaction of GBX 4,958.

SSE Stock Performance

Shares of SSE stock opened at GBX 2,480.30 on Thursday. The firm has a 50 day moving average of GBX 2,404.24 and a two-hundred day moving average of GBX 2,471.82. The stock has a market capitalization of £29.92 billion, a PE ratio of 23.53, a P/E/G ratio of 3.06 and a beta of 0.58. 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 plc has a 52 week low of GBX 1,686.50 and a 52 week high of GBX 2,767.50.

Analyst Ratings Changes

Several research firms recently commented on SSE. Berenberg Bank boosted their target price on SSE from GBX 2,800 to GBX 2,980 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,060 price target on shares of SSE in a research report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,650 price objective on shares of SSE in a research note on Thursday, September 3rd. Six 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 company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,622.

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.