SES (OTCMKTS:SGBAF) Price Target Increased to €10.00 by Analysts at Barclays

SES (OTCMKTS:SGBAFGet Rating) had its price target upped by analysts at Barclays from €9.15 ($9.84) to €10.00 ($10.75) in a research note issued on Monday, The Fly reports. The brokerage presently has an “overweight” rating on the stock.

Several other research firms have also issued reports on SGBAF. Zacks Investment Research upgraded shares of SES from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, April 13th. JPMorgan Chase & Co. decreased their price objective on shares of SES from €8.10 ($8.71) to €7.30 ($7.85) and set a “neutral” rating for the company in a research note on Friday, February 25th. Finally, Morgan Stanley decreased their price objective on shares of SES from €9.50 ($10.22) to €9.00 ($9.68) in a research note on Friday, February 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $9.08.

Shares of OTCMKTS SGBAF traded down $0.02 during mid-day trading on Monday, reaching $9.18. 1,200 shares of the company traded hands, compared to its average volume of 1,442. SES has a fifty-two week low of $7.36 and a fifty-two week high of $9.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $5.19 billion, a PE ratio of 8.50 and a beta of 1.19. The stock has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $8.37.

SES (OTCMKTS:SGBAFGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.24 EPS for the quarter. SES had a net margin of 25.10% and a return on equity of 8.76%. The business had revenue of $529.53 million for the quarter. As a group, analysts predict that SES will post 0.35 EPS for the current fiscal year.

SES Company Profile (Get Rating)

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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