SES: Berenberg cuts target price
(CercleFinance.com) - While maintaining its "hold" rating on the share of satellite operator SES, Berenberg has cut its previous 20-euro target price to 15.
6 euros, deeming that its FY targets are over-optimistic.
After conversations with management that enabled it to establish an overview, the German broker says that it is reducing its estimates for the Luxembourg based group - both for its video services and networks divisions.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
6 euros, deeming that its FY targets are over-optimistic.
After conversations with management that enabled it to establish an overview, the German broker says that it is reducing its estimates for the Luxembourg based group - both for its video services and networks divisions.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.