Arden Partners Ltd Reiterates “Buy” Rating for Satellite Solutions Worldwide Group PLC (SAT)
Satellite Solutions Worldwide Group PLC (LON:SAT)‘s stock had its “buy” rating reaffirmed by analysts at Arden Partners Ltd in a research note issued on Tuesday. They presently have a GBX 12 ($0.15) target price on the stock. Arden Partners Ltd’s price target indicates a potential upside of 54.84% from the stock’s current price.
Shares of Satellite Solutions Worldwide Group PLC (LON:SAT) opened at 7.795 on Tuesday. Satellite Solutions Worldwide Group PLC has a 52-week low of GBX 3.97 and a 52-week high of GBX 9.25. The company has a 50 day moving average price of GBX 7.54 and a 200-day moving average price of GBX 7.42. The firm’s market cap is GBX 24.02 million.
In other news, insider Sargent,Rodger D purchased 322,581 shares of the business’s stock in a transaction on Friday, September 16th. The shares were acquired at an average price of GBX 8 ($0.10) per share, with a total value of £25,806.48 ($32,013.99).
About Satellite Solutions Worldwide Group PLC
Satellite Solutions Worldwide Group PLC (SSW) is a United Kingdom-based global communications company, which is engaged in offering rural and last-mile satellite broadband. The Company offers a range of satellite broadband services for customers across over 30 countries. With solutions targeting business-to-consumer (B2C) and business-to-business (B2B) users, and with products developed specifically for the broadcasting/satellite news gathering (SNG), police and military markets, its brand Europasat (www.europasat.com) is an independent provider of satellite broadband Internet services across Europe.
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