SES (OTCMKTS:SGBAF) Price Target Cut to €9.00 by Analysts at Barclays

SES (OTCMKTS:SGBAFGet Rating) had its target price cut by Barclays from €9.60 ($9.80) to €9.00 ($9.18) in a research report sent to investors on Friday morning, The Fly reports.

A number of other research analysts have also recently issued reports on the company. Berenberg Bank boosted their target price on SES from €9.80 ($10.00) to €11.20 ($11.43) and gave the company a buy rating in a research note on Friday, June 10th. Morgan Stanley boosted their price target on SES from €9.00 ($9.18) to €10.00 ($10.20) in a report on Thursday, June 16th. Finally, JPMorgan Chase & Co. boosted their price target on SES from €8.40 ($8.57) to €10.00 ($10.20) and gave the company a neutral rating in a report on Wednesday, June 29th.

SES Price Performance

OTCMKTS:SGBAF opened at $6.64 on Friday. SES has a 1 year low of $6.33 and a 1 year high of $9.76. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 6.71 and a beta of 0.94. The stock has a 50-day moving average price of $7.49 and a two-hundred day moving average price of $8.39.

About SES

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SES SA provides satellite and ground infrastructure solutions worldwide. The company offers data connectivity services through its MEO and GEO satellite communication systems for aviation, maritime, cruise, energy, government, and telco and MNO industries. It also provides video services, including direct to home broadcast, occasional use, IP delivery, cable distribution, channel management, over the top (OTT), satellite distribution, hybrid TV platform, online video platform, content aggregation, SES 360, audience measurement and ad insertion, subscriber management, content distribution, production, value added, and real time booking services for broadcasters, platform operators, and sports organizations.

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