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.

WARNING: “Arden Partners Ltd Reiterates “Buy” Rating for Satellite Solutions Worldwide Group PLC (SAT)” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece of content on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2016/12/01/arden-partners-ltd-reiterates-buy-rating-for-satellite-solutions-worldwide-group-plc-sat.html.

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.

Receive News & Stock Ratings for Satellite Solutions Worldwide Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Satellite Solutions Worldwide Group PLC and related stocks with our FREE daily email newsletter.