Inmarsat Plc (ISAT) Rating Reiterated by Macquarie
Inmarsat Plc (LON:ISAT)‘s stock had its “neutral” rating reaffirmed by investment analysts at Macquarie in a report released on Monday. They currently have a GBX 800 ($9.90) target price on the stock. Macquarie’s price target would indicate a potential upside of 10.04% from the company’s previous close.
ISAT has been the topic of a number of other reports. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,245 ($15.41) price target on shares of Inmarsat Plc in a research note on Monday. Goldman Sachs Group Inc. began coverage on shares of Inmarsat Plc in a research note on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($13.49) price target on the stock. Citigroup Inc. raised shares of Inmarsat Plc to a “buy” rating and raised their price target for the company from GBX 880 ($10.89) to GBX 900 ($11.14) in a research note on Monday, June 20th. Haitong Bank lowered shares of Inmarsat Plc to a “neutral” rating and set a GBX 880 ($10.89) price target on the stock. in a research note on Tuesday, August 9th. Finally, Barclays PLC raised their price target on shares of Inmarsat Plc from GBX 790 ($9.78) to GBX 840 ($10.40) and gave the company an “underweight” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 999.40 ($12.37).
Shares of Inmarsat Plc (LON:ISAT) opened at 727.00 on Monday. Inmarsat Plc has a one year low of GBX 663.50 and a one year high of GBX 1,153.00. The stock’s market cap is GBX 3.27 billion. The company has a 50 day moving average price of GBX 743.50 and a 200-day moving average price of GBX 805.02.
About Inmarsat Plc
Inmarsat plc is a United Kingdom-based provider of global mobile satellite communications services. The Company’s segments include Maritime, Government, Enterprise, Aviation and Central Services. The Maritime segment focuses on commercial maritime services across the world. The Maritime segment includes the provision of broadband data and safety communications for all vessel sizes.
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