SES: Barclays downgrades its recommendation to 'weight in line'.

(CercleFinance.com) - On Friday, Barclays lowered its recommendation on SES shares from "overweight" to "weight in line", with a price target reduced from 4.
75 to 3.05 euros.

In its note, the analyst acknowledges that the satellite operator's shares offer attractive value after last year's decline, with an Enterprise Value/Ebitda ratio for 2025 of around 3x before the planned merger with Intelsat.

But he also points to the climate of uncertainty due to the emergence of competitors positioned in low Earth orbit (LEO), and the threat posed to the Group's business over the next few years by projects such as Starlink and Kuiper.

Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.