SSE stock trades below its 52-week high as Berenberg lifts target

Published on 09/24/2026 at 17:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSE stock stood at GBp 2,467 on September 24, 2026, below its GBp 2,767.50 yearly high. Berenberg raised its target to GBp 2,980 as transmission investment accelerates.

Strommasten mit Freileitungen in schottischer Hügellandschaft bei Sonnenuntergang — SSE plc (ISIN GB0007908733) betreibt Stromnetze in Schottland mit markanten Freileitungsmasten in Hügellandschaft, Illustration mit AI erstellt.

SSE stock (ISIN GB0007908733) stood at GBp 2,467 on the LSE on September 24, 2026, leaving it 10.9 percent below its 52-week high of GBp 2,767.50. The reference price was down 0.12 percent from the previous close of GBp 2,470. On September 17, 2026, Sharecast reported that Berenberg lifted its target for SSE from GBp 2,800 to GBp 2,980.

Berenberg raises target to GBp 2,980

The move represents a GBp 180 increase, or 6.4 percent, over the earlier target. Berenberg also reiterated its Buy rating and kept SSE as its top sector pick, according to the September 17, 2026 report.

The broker's model implies a target 20.8 percent above SSE's September 24 price of GBp 2,467. That gap is larger than the stock's 10.9 percent distance below its yearly high, making the analyst forecast a material valuation reference rather than a minor adjustment.

Transmission plan drives the thesis

SSE describes a GBP 33 billion investment plan for 2026 through 2030. The company says GBP 29 billion of transmission investment will support electricity infrastructure in northern Scotland and strengthen its regulated network base.

Berenberg said 11 major transmission projects account for 75 percent of SSE's RIIO-T3 totex. The broker also cited regulated asset value rising 2.5 times to GBP 9 billion under RIIO-T2, with a forecast increase to GBP 35 billion by 2030.

Next dates keep the story moving

SSE's investor calendar lists a trading update for October 1, 2026, and interim results for the six months ended September 30, 2026, on November 18, 2026. Those dates give the market two scheduled checkpoints for progress on investment delivery and network growth.

SSE's market capitalization was GBP 29,759,174,300 as of September 24, 2026. The stock's 52-week range was GBp 1,686.50 to GBp 2,767.50, placing the September 24 price 46.3 percent above the low and 10.9 percent below the high.

SSE stock stays below its yearly high

SSE stock was trading at GBp 2,467 on the LSE on September 24, 2026 at 4:26 p.m. BST. The combination of a GBp 2,980 Berenberg target and the scheduled October 1 trading update keeps transmission investment at the center of the valuation debate.