SES: Berenberg downgrades to sell
(CercleFinance.com) - Berenberg has downgraded its rating on the SES share from "hold" to "sell", with a target price of 6.
8 euros.
The analyst says that optimism based on forthcoming vaccines has resulted in the SES share price increasing, although says "we think the group's specifics are more relevant".
However, Berenberg expects sales and EBITDA to fall short of the consensus in 2021 and 2022, believing that "mobility in particular likely to disappoint".
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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.
8 euros.
The analyst says that optimism based on forthcoming vaccines has resulted in the SES share price increasing, although says "we think the group's specifics are more relevant".
However, Berenberg expects sales and EBITDA to fall short of the consensus in 2021 and 2022, believing that "mobility in particular likely to disappoint".
Copyright (c) 2020 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.