(Boursier.com) — HIS rose 1.5% to 8.60 euros on Friday, while – Morgan Stanley raised its price target from 9 to 10 euros, remaining at ‘line weighting’. SES is “in line” with 2022 forecasts in terms of revenue and EBITDA, and with the prospects for long-term value creation through differentiated investments… Thus, more than 85% of anticipated revenues by the group in 2022 (1.75 to 1.81 MdE) have already been contracted. The adjusted Ebitda forecast for 2022 (1.03 to 1.07 MdE) reflects robust profitability despite the additional expenses incurred to improve the growth of Networks.
SES has $910m in gross order intake for SES-17 (expected entry into service mid-2022) and O3b mPOWER (expected entry into service early 2023).
Among other comments from brokers, Barclays had adjusted the target to 10.5 euros (‘overweight’), while SG has revalued the file to 10 euros with a notice to purchase’.
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