SSE PLC 36.5% potential upside indicated by Berenberg Bank

SSE PLC with ticker (LON:SSE) now has a potential upside of 36.5% according to Berenberg Bank.



Berenberg Bank set a target price of 2,300 GBX for the company, which when compared to the SSE PLC share price of 1,686 GBX at opening today (01/08/2023) indicates a potential upside of 36.5%. Trading has ranged between 1,405 (52 week low) and 1,919 (52 week high) with an average of 2,937,172 shares exchanging hands daily. The market capitalisation at the time of writing is £18,334,285,695.

SSE plc is a United Kingdom-based electricity network company engaged in generating renewable electricity. The Company develops, owns and operates low-carbon infrastructure to support the zero-carbon transition. This includes onshore and offshore wind, hydropower, electricity transmission and distribution grids, and efficient gas-fired generation, alongside providing energy products and services for businesses, and it has interests across Great Britain and Northern Ireland, the Republic of Ireland, Japan, Spain, Portugal, Denmark and Poland. Its segments include SSE Renewables, SSE Thermal, Gas Storage, Business Energy, Airtricity, Distributed Energy and Energy Portfolio Management. SSE Renewables segment comprises its existing operational assets and those under development in onshore wind, offshore wind, flexible hydroelectricity, run-of-river hydroelectricity and pumped storage. SSE Thermal segment owns and operates conventional thermal generation in the United Kingdom and Ireland.