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SSE ( (GB:SSE) ) has provided an update.
SSE plc announced the purchase of ordinary shares and the awarding of matching shares to its directors and persons discharging managerial responsibilities (PDMRs) as part of its all-employee Share Incentive Plan. This transaction, conducted on the London Stock Exchange, reflects the company’s commitment to aligning the interests of its leadership with its shareholders, potentially impacting the company’s governance and stakeholder engagement positively.
The most recent analyst rating on (GB:SSE) stock is a Buy with a £21.00 price target. To see the full list of analyst forecasts on SSE stock, see the GB:SSE Stock Forecast page.
Spark’s Take on GB:SSE Stock
According to Spark, TipRanks’ AI Analyst, GB:SSE is a Outperform.
SSE’s overall stock score is driven by strong earnings growth and positive guidance from the earnings call, which highlights significant achievements in the networks and renewables sectors. However, financial performance shows mixed results with concerns over cash flow management, and technical indicators suggest potential bearish momentum. Valuation remains attractive with a reasonable P/E ratio and a solid dividend yield.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
SSE plc operates in the energy sector, focusing on the generation, transmission, and distribution of electricity and gas. It is a key player in the UK energy market, providing energy solutions and services to a wide range of customers.
Average Trading Volume: 2,952,592
Technical Sentiment Signal: Strong Buy
Current Market Cap: £19.54B
See more insights into SSE stock on TipRanks’ Stock Analysis page.