Inmarsat Plc (ISAT) Stock Rating Reaffirmed by Deutsche Bank AG
Several other analysts have also recently weighed in on ISAT. Credit Suisse Group reissued an outperform rating and set a GBX 890 ($12.00) price target on shares of Inmarsat Plc in a report on Friday, August 11th. Barclays PLC reissued an underweight rating on shares of Inmarsat Plc in a report on Friday, June 9th. J P Morgan Chase & Co lifted their price target on Inmarsat Plc from GBX 840 ($11.33) to GBX 850 ($11.46) and gave the stock a neutral rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) dropped their price target on Inmarsat Plc from GBX 960 ($12.94) to GBX 920 ($12.40) and set a buy rating for the company in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a buy rating and set a GBX 1,245 ($16.79) price target on shares of Inmarsat Plc in a report on Monday, June 19th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 833.57 ($11.24).
Shares of Inmarsat Plc (LON:ISAT) opened at 623.50 on Monday. Inmarsat Plc has a 52-week low of GBX 594.50 and a 52-week high of GBX 865.00. The company’s market capitalization is GBX 2.83 billion. The stock’s 50 day moving average price is GBX 713.65 and its 200-day moving average price is GBX 773.30.
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The business also recently disclosed a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 14th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a yield of 2.26%.
In related news, insider Simon Bax acquired 2,500 shares of the company’s stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of GBX 646 ($8.71) per share, with a total value of £16,150 ($21,774.30).
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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