SES Shares Drop 2.5% and Reapproach Their 20-Day Moving Average
The Luxembourg-based satellite operator dips during the session, contrary to a stagnant Parisian market. The decline occurs as a major American bank has just raised its price target on the stock. The stock returns to the level of a closely watched short-term moving average.
A Decline That Brings the Stock Back to Its 20-Day Moving Average
SES shares drop 2.54% to €7.47, down from €7.66 the previous day, while the SBF 120 index edges up by 0.10%. The stock is among the largest declines in the broader Paris index. Today's movement brings the value back to the exact level of its MM20 (€7.48), with a negligible difference of 0.13%. The MM50 at €7.97 remains 6.27% above the current price, indicating that the medium-term momentum has weakened since the peak in May. The RSI at 49 reflects a neutral configuration, without any significant directional excess. In the longer term, the stock maintains a comfortable gap of over 12% above its MM200 at €6.63, a legacy of the spectacular rebound in the spring. Over three months, the performance remains positive at 20%, but the drop reaches 9.46% over thirty days. The technical support is located at €6.63, coinciding with the long-term average. The identified resistance at €8.57 corresponds to the highs reached at the end of May.
Morgan Stanley Raises Target to €9, Following a US Space Force Contract
Morgan Stanley has today raised its price target on SES from €7 to €9, while maintaining a 'market weight' rating. The new target offers a gap of about 20% from the current price. This move is part of a series of analyst opinion revisions accompanying a renewed interest in the stock. In early July, the SES Space & Defense subsidiary had secured a five-year framework agreement with the US Space Force for the provision of Ku-band satellite services. This multi-year contract had fueled the stock's recovery, which remains at nearly 19% growth over the year. Today's session marks a pause after this significant rebound phase.
