Investec Keeps SSE PLC (LON:SSE) As a Hold; They Now Have a Target Of GBX 1500.00


SSE PLC (LON:SSE) Rating Reaffirmed

Professional analysts at Investec now has a GBX 1500.00 price target on SSE PLC (LON:SSE). Investec and their recent price target would indicate a potential upside of 4.13% from the company’s last stock close price. The rating has been announced to investors in an analyst note on 4 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 4.08% above today’s (GBX 1441.36) stock price. SSE PLC was the topic of 46 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Add” rating. Bernstein maintained shares with “Underperform” rating and GBX 1340 target share price in a report from a November 23. JP Morgan maintained SSE stock in a recent report from November 26 with “Underweight” 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, Citigroup maintained the stock with “Sell” rating in a report issued on a November 24.

Approximately 314,611 shares of stock traded hands. SSE PLC (LON:SSE) has declined 7.48% since May 7, 2015 and is downtrending. It has underperformed by 4.70% the S&P500.

Investec Keeps SSE PLC (LON:SSE) As a Hold; They Now Have a Target Of GBX 1500.00

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 14.44 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 29.49 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).