Inmarsat PT Raised to $11.20 (ISAT)
Inmarsat (LON: ISAT) had its price target boosted by JP Morgan Cazenove from $10.45 (700 GBX) to $11.20 (750 GBX) in a research report sent to investors on Friday morning. The firm currently has an overweight rating on the stock.
Shares of Inmarsat traded up 1.35% during mid-day trading on Friday, hitting GBX 674.00. Inmarsat has a 52 week low of GBX 388.80 and a 52 week high of GBX 672.50. The stock’s 50-day moving average is currently GBX 582.. The company’s market cap is £2.998 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase raised their price target on shares of Inmarsat from $10.45 to $11.20 in a research note to investors on Monday. They now have an overweight rating on the stock. Separately, analysts at Barclays Capital reiterated an overweight rating on shares of Inmarsat in a research note to investors on Monday. They now have a $10.53 price target on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Inmarsat in a research note to investors on Thursday, March 7th. They now have a $9.85 price target on the stock.
Inmarsat plc is a provider of global mobile satellite communications services (MSS), providing data and voice connectivity worldwide.
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