SES Shares Soar 30% in Three Months
The Luxembourg-based satellite operator continues its recovery in session, following a multi-year contract secured in the United States. The stock confirms the rebound dynamic that began in late June, contrary to the sell-offs observed in June. However, this acceleration comes against the backdrop of a cautious opinion from a major investment bank, published the day before.
A Framework Contract with the US Space Force Supports the Stock's Momentum
SES shares are up 2.1% at €8.28 in session, in an SBF 120 up by 0.45%. The group's defense subsidiary has just secured a five-year framework contract with the US Space Force, covering the provision of managed satellite services in Ku-band to various branches of the US Department of Defense. The stock extends its advance to nearly 21% over a week and 30% over three months, largely erasing the severe correction suffered in June. This progression is part of a fundamental movement: the stock had already soared by 7.5% on July 3, before continuing its rebound.
The context of analyst opinions remains nuanced, however. Barclays issued a price target of €7.05 on July 6 with an 'underweight' rating, indicating a potential downside of about 15% from the current price. This cautious opinion contrasts with the acceleration observed in session.
The Stock Significantly Exceeds Its Three Moving Averages
The recovery is clearly visible in the technical configuration. At €8.28, the price is above the MM20 (€7.53), MM50 (€7.89), and MM200 (€6.58), with a gap of nearly 26% above the latter. The crossing of the MM50, lost for several weeks during the correction in June, is now consolidated.
The RSI at 57 remains in a neutral zone, which leaves room for maneuver before a possible overbought configuration. The resistance identified at €9.89 is the next numerical marker above the current prices, while the support at €6.63 has moved away with the rebound in recent sessions.
