BUZZ-Planet Labs rises on European Space Agency contract to advance Greek satellite technology

Reuters

24 Mar

BUZZ-Planet Labs rises on European Space Agency contract to advance Greek satellite technology

** Shares of satellite imagery company Planet Labs PL.N rise 8% to $4.09

** PL signs contract with the European Space Agency on behalf of the Hellenic Ministry of Digital Governance to support Greece's National SmallSat Programme

** The contract will utilize PL's commercial satellite data to aid Greece in developing its national satellite technology

** 10 out of 11 brokerages rate the stock "buy" or higher, 1 rate "hold" and their median PT is $6 - as per data compiled by LSEG

** Including sessions moves, PL stock up 1.3% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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