Inmarsat (ISAT) Given “Outperform” Rating at Royal Bank of Canada
Inmarsat (LON:ISAT)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a research note issued to investors on Friday. They presently have a GBX 825 ($11.19) target price on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 56.01% from the stock’s previous close.
ISAT has been the topic of a number of other research reports. Beaufort Securities restated a “hold” rating and set a GBX 475 ($6.44) target price on shares of Inmarsat in a research report on Thursday, December 14th. decreased their target price on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating on the stock in a research report on Friday, November 3rd. HSBC decreased their target price on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating on the stock in a research report on Friday, November 3rd. Jefferies Group decreased their target price on shares of Inmarsat from GBX 1,100 ($14.92) to GBX 1,000 ($13.56) and set a “buy” rating on the stock in a research report on Friday, December 1st. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 1,010 ($13.70) price target on shares of Inmarsat in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 666.67 ($9.04).
Shares of Inmarsat (LON:ISAT) traded up GBX 24.60 ($0.33) during midday trading on Friday, reaching GBX 528.80 ($7.17). 7,403,416 shares of the company were exchanged, compared to its average volume of 4,060,000. Inmarsat has a 1 year low of GBX 439.25 ($5.96) and a 1 year high of GBX 865 ($11.73). The firm has a market capitalization of $2,420.00 and a price-to-earnings ratio of 1,510.86.
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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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