November 29, 2016 - By Winifred Garcia
Professional analysts at Exane BNP Paribas have GBX 1700.00 PT on SSE PLC (LON:SSE). Exane BNP Paribas’s PT means a potential upside of 14.09% from the company’s last stock close price. The rating was revealed to investors in an analyst note on Tuesday, 29 November.
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 3.15% above today’s (GBX 1488) stock price. SSE PLC has been the topic of 131 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of SSE PLC (LON:SSE) earned “Hold” rating by Charles Stanley on Thursday, July 23. Bernstein maintained the shares of SSE in a report on Thursday, October 8 with “Underperform” rating. Jefferies maintained the shares of SSE in a report on Thursday, September 22 with “Hold” rating. H2O Markets maintained SSE PLC (LON:SSE) on Thursday, September 22 with “Hold” rating. The firm has “Overweight” rating by Barclays Capital given on Friday, August 19. Societe Generale maintained SSE PLC (LON:SSE) on Tuesday, January 19 with “Sell” rating. Societe Generale maintained the shares of SSE in a report on Monday, November 9 with “Sell” rating. BNP Paribas maintained SSE PLC (LON:SSE) rating on Friday, November 11. BNP Paribas has “Outperform” rating and GBX 1700 price target. The rating was maintained by Bank of America on Wednesday, November 11 with “Neutral”. Barclays Capital maintained SSE PLC (LON:SSE) rating on Thursday, February 4. Barclays Capital has “Overweight” rating and GBX 1700 price target.
About 781,660 shares traded hands. SSE PLC (LON:SSE) has declined 0.99% since May 2, 2016 and is downtrending. It has underperformed by 6.25% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 0.06, from 0.06 in 2016Q1. The ratio is 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.
Moreover, Advisory Svcs Net Limited Liability Company has 0% invested in SSE PLC (LON:SSE) for 907 shares. Dreman Value Mngmt L L C, a Florida-based fund reported 250 shares. Huntington Bancorp owns 48 shares or 0% of their US portfolio. North Star Inv Mngmt holds 0% of its portfolio in SSE PLC (LON:SSE) for 71 shares. Glenmede Tru Na holds 2,548 shares or 0% of its portfolio. Oakworth Capital has 7 shares for 0% of their US portfolio. California Employees Retirement Sys has 106,500 shares for 0% of their US portfolio. Iowa State Bank last reported 500 shares in the company. Ameriprise holds 0% or 14,969 shares in its portfolio. Next Financial Group Incorporated reported 1,260 shares or 0% of all its holdings. Macquarie Grp Limited accumulated 900 shares or 0% of the stock. Carroll Fincl last reported 14 shares in the company. Reilly Fincl Advsr Ltd Llc holds 0% of its portfolio in SSE PLC (LON:SSE) for 35 shares. Frontier Invest Management Communications owns 38,808 shares or 0% of their US portfolio. Highlander Mgmt Limited Liability Company holds 125 shares or 0% of its portfolio.
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 15.10 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 20.16 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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