Today RBC Capital Markets Reiterates a Underperform Rating on SSE (LON:SSE) and a GBX 1500 Target Price


SSE (LON:SSE) Rating Reaffirmed

SSE (LON:SSE) just had their share rating of a ‘Underperform’ issued by research analysts at RBC Capital Markets, who now has a GBX 1500 target price per share on the 14.35B GBP market cap company or a 4.31% upside potential. This key information was revealed in analysts report on Friday morning.

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 1510.61 with a 4.74% above today’s (GBX 1434) stock price. SSE PLC was the topic of 50 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley maintained shares on December 11 with “Overweight” rating. HSBC maintained shares with “Hold” rating and GBX 1475 target share price in a report from a November 27. Credit Suisse maintained SSE stock in a recent report from December 8 with “Neutral” rating. JP Morgan maintained the rating on November 26. JP Morgan has a “Underweight” rating and a GBX 1280 price target on shares. Finally, AlphaValue maintained the stock with “Add” rating in a report issued on a December 3.

Approximately 841,208 shares of stock traded hands. SSE PLC (LON:SSE) has declined 12.23% since May 14, 2015 and is downtrending. It has underperformed by 9.21% the S&P500.

Today RBC Capital Markets Reiterates a Underperform Rating on SSE (LON:SSE) and a GBX 1500 Target Price

The overall sentiment of institutions has decreased to 0.6 in Q2 2015. Its down 0.34, from 0.94 in 2015Q2. The ratio dropped, 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 14.35 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 29.34 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).