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 reiterated by equities researchers at Arden Partners Ltd in a research note issued on Tuesday. They presently have a GBX 12 ($0.15) price target on the stock. Arden Partners Ltd’s price target indicates a potential upside of 59.79% from the company’s current price.
Shares of Satellite Solutions Worldwide Group PLC (LON:SAT) opened at 7.997 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 stock’s market cap is GBX 24.64 million. The stock’s 50 day moving average is GBX 7.54 and its 200 day moving average is GBX 7.42.
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In other news, insider Sargent,Rodger D acquired 322,581 shares of Satellite Solutions Worldwide Group PLC stock in a transaction dated Friday, September 16th. The stock was purchased at an average cost of GBX 8 ($0.10) per share, with a total value of £25,806.48 ($32,013.99).
Satellite Solutions Worldwide Group PLC Company Profile
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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