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Sse (LON:SSE) Rating Reaffirmed

London: In a very recent research note distributed to Clients on Friday, 27 November, HSBC has restated their Hold rating on Sse (LON:SSE) shares. They now have a GBX 1475.00 TP on the company. HSBC’s target may suggest a potential upside of 0.96% from the company’s price per share.

From a total of 18 analysts covering SSE PLC (LON:SSE) stock, 4 rate it a ”Buy”, 7 a “Sell”, and 7 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is GBX 1800 while the lowest target price is GBX 1225. The mean of all analyst targets is GBX 1505.12 with a 3.17% above today’s (GBX 1458.91) stock price. SSE PLC was the topic of 45 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on November 27 with “Hold” rating. Goldman Sachs maintained shares with “Conviction Sell” rating and GBX 1225 target share price in a report from a November 19. BNP Paribas maintained SSE stock in a recent report from November 26 with “Outperform” rating. Deutsche Bank maintained the rating on November 12. Deutsche Bank has a “Hold” rating and a GBX 1400 price target on shares. Finally, Bernstein maintained the stock with “Underperform” rating in a report issued on a November 23.

The stock decreased 0.01% or GBX 0.09 on November 27, striking GBX 1458.91. Approximately 1.43M shares of stock traded hands. SSE PLC (LON:SSE) has declined 5.81% since May 1, 2015 and is downtrending. It has underperformed by 4.91% the S&P500.

0.96% to Target, HSBC Keeps ‘Hold’ Rating on Sse (LON:SSE) Shares Today

SSE plc is a United Kingdom-based company engaged in the generation, transmission, distribution and supply of electricity; in the production, storage, distribution and supply of gas, and in other energy-related services. The company has a market cap of 14.68 billion GBP. The Company’s divisions include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production. It has 29.85 P/E ratio.

According to Zacks Investment Research, “Seventy Seven Energy Inc. is an oilfield services company. It is involved in drilling, hydraulic fracturing, rig relocation as well as other related services. The Company’s provides a range of well site services and equipment to the United States land-based exploration and production customers operating in unconventional resource plays. Seventy Seven Energy Inc. is based in United States.” Get a free copy of the Zacks research report on SSE PLC (SSE)

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