November 23, 2016 - By Darrin Black
Macquarie currently has a GBX 1700.00 target price per share on the 15.01B GBP market cap company or 12.96% upside potential. In an analyst note sent to investors on 23 November, SSE PLC (LON:SSE) stock had its Outperform Rating kept by equity research analysts at Macquarie.
Out of 22 analysts covering SSE PLC (LON:SSE), 6 rate it a “Buy”, 4 “Sell”, while 12 “Hold”. This means 27% are positive. GBX 1800 is the highest target while GBX 1150 is the lowest. The GBX 1534.89 average target is 3.78% above today’s (GBX 1479) stock price. SSE PLC has been the topic of 129 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Thursday, March 17. JP Morgan maintained SSE PLC (LON:SSE) on Thursday, November 26 with “Underweight” rating. The rating was maintained by Jefferies with “Hold” on Monday, October 31. Deutsche Bank maintained it with “Hold” rating and GBX 1480 target price in Thursday, May 19 report. The rating was maintained by Barclays Capital on Thursday, July 30 with “Overweight”. The stock has “Overweight” rating given by Barclays Capital on Tuesday, September 27. The rating was maintained by BNP Paribas on Monday, April 4 with “Outperform”. Deutsche Bank maintained the shares of SSE in a report on Thursday, October 22 with “Hold” rating. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, March 9. The stock has “Hold” rating given by Deutsche Bank on Monday, September 28.
About 421,791 shares traded hands. SSE PLC (LON:SSE) has declined 2.27% since April 26, 2016 and is downtrending. It has underperformed by 7.60% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.06, from 0.06 in 2016Q1. The ratio dived, as 94 funds sold all SSE PLC shares owned while 7 reduced positions. 5 funds bought stakes while 1 increased positions. They now own 512,125 shares or 97.82% less from 23.49 million shares in 2016Q1.
Glenmede Trust Comm Na last reported 2,548 shares in the company. Jnba Advsr has 0% invested in the company for 22 shares. Tradewinds Capital Management owns 6 shares or 0% of their US portfolio. Mycio Wealth Ptnrs Ltd Llc last reported 7 shares in the company. Vantage Investment Advsr Limited Liability Corporation reported 83 shares or 0% of all its holdings. Gabelli Funds Ltd Com last reported 0% of its portfolio in the stock. Exane Derivatives reported 720 shares or 0% of all its holdings. Dreman Value Mgmt L L C owns 250 shares or 0% of their US portfolio. Oakworth Capital has 0% invested in the company for 7 shares. Panagora Asset Mgmt accumulated 300,259 shares or 0% of the stock. Markston Int Lc has 475 shares for 0% of their US portfolio. Thompson Davis And, a Virginia-based fund reported 255 shares. Pnc Ser Grp has 153 shares for 0% of their US portfolio. Moreover, Focused Wealth Mgmt has 0% invested in SSE PLC (LON:SSE) for 12 shares. Moreover, Atwood Palmer has 0% invested in SSE PLC (LON:SSE) for 25 shares.
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The company has a market cap of 15.01 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 a 20.04 P/E ratio. The Networks segment is engaged in the distribution of electricity to customer premises in the North of Scotland and the South of England.
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By Darrin Black