SSE PLC (LON:SSE) Rating Reaffirmed
Research analysts at Credit Suisse now has a GBX 1600.00 target PPS on SSE PLC (LON:SSE). Credit Suisse and their recent target PPS provides a potential upside of 10.25% from the company’s stock price. The rating has been revealed to clients and investors in an analyst note on Tuesday, 8 December.
From a total of 18 analysts covering SSE PLC (LON:SSE) stock, 8 rate it a ”Buy”, 6 a “Sell”, and 6 a ”Hold”. This means that 40% 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 1508.94 with a 3.37% above today’s (GBX 1451.26) stock price. SSE PLC was the topic of 47 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 4 with “Hold” rating. Bernstein maintained shares with “Underperform” rating and GBX 1340 target share price in a report from a November 23. HSBC maintained SSE stock in a recent report from November 27 with “Hold” rating. Goldman Sachs maintained the rating on November 19. Goldman Sachs has a “Conviction Sell” rating and a GBX 1225 price target on shares. Finally, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a November 26.
The stock increased 0.64% or GBX 9.26 on December 7, striking GBX 1451.26. Approximately 1.61M shares of stock traded hands. SSE PLC (LON:SSE) has declined 11.61% since May 11, 2015 and is downtrending. It has underperformed by 10.53% the S&P500.
The overall sentiment of institutions has decreased to 0.6 in Q2 2015. Its down 0.34, from 0.94 in 2015Q2. The ratio worsened, as 42 institutions have sold all the shares of SSE PLC that they owned while 51 funds have taken shares off the table. 18 funds have purchased shares for the first time while 38 added to their positions. These institutions now hold 26.36 million shares or 10.39% less than the 29.42 million shares they owned in 2015Q2.
The Fund Sterling Investment Management Inc. currently is holding shares equating to 0.38% of its total portfolio in SSE PLC representing a total of 350,771 shares. Another fund,Owl Creek Asset Management L.P., is holding a total of 2.69 million shares equating to 0.21% of their holdings. Additionally, Lucus Advisors Llc has a 207,699 share stake in SSE PLC which represents 0.16% of their total portfolio. The Fund, Tfs Capital Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 0.16% of their total portfolio. Finally Tph Asset Management Llc, a fund which is based in the state of Texas reported a total holdings of 498,766 shares.
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 14.60 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 29.69 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).