Market Rating: SSE PLC (LON:SSE) Stock “Overweight” Rating Reconfirmed at Barclays Capital; The PT is GBX 1765.00

November 24, 2016 - By Hazel Jackson


In a note issued to clients and investors on Thursday morning, SSE PLC (LON:SSE) stock had its “Overweight” Rating maintained by analysts at Barclays Capital. They currently have a GBX 1765.00 target price on company. Barclays Capital’s target would indicate a potential upside of 21.85% from the company’s previous stock close.

SSE PLC (LON:SSE) Ratings Coverage

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 6.00% above today’s (GBX 1448) stock price. SSE PLC has been the topic of 130 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Thursday, February 4 by Bernstein. The firm earned “Overwt/Cautious” rating on Wednesday, November 11 by Morgan Stanley. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 21 report. The stock of SSE PLC (LON:SSE) earned “Hold” rating by Deutsche Bank on Monday, November 9. Barclays Capital maintained SSE PLC (LON:SSE) rating on Thursday, July 30. Barclays Capital has “Overweight” rating and GBX 1700 price target. The rating was maintained by Jefferies with “Hold” on Monday, October 31. The firm has “Hold” rating given on Thursday, May 19 by Deutsche Bank. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 19 report. Bernstein maintained SSE PLC (LON:SSE) on Thursday, October 8 with “Underperform” rating. The stock of SSE PLC (LON:SSE) has “Buy” rating given on Thursday, March 3 by Investec.

About 510,644 shares traded hands. SSE PLC (LON:SSE) has declined 4.88% since April 27, 2016 and is downtrending. It has underperformed by 10.29% 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 turned negative, 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.

Tudor Et Al accumulated 0% or 16,041 shares. Markston Ltd Liability Co has invested 0% of its portfolio in SSE PLC (LON:SSE). Thompson Davis Co Inc accumulated 255 shares or 0% of the stock. Moreover, Ameriprise has 0% invested in SSE PLC (LON:SSE) for 14,969 shares. Panagora Asset Inc holds 0% or 300,259 shares in its portfolio. Carroll Associates reported 14 shares or 0% of all its holdings. Highlander Management Limited Liability Corp holds 125 shares or 0% of its portfolio. Gabelli Funds Lc holds 0% or 15,000 shares in its portfolio. Aperio Gp Ltd Liability Corp has 12,022 shares for 0% of their US portfolio. Jnba Advsr accumulated 0% or 22 shares. Huntington Savings Bank holds 0% or 48 shares in its portfolio. Oakworth Cap has 0% invested in the company for 7 shares. Next Fincl reported 1,260 shares or 0% of all its holdings. Frontier Invest Co holds 0% or 38,808 shares in its portfolio. North Star Investment last reported 0% of its portfolio in the stock.

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 14.70 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 19.62 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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