Inmarsat’s (ISAT) “Sector Perform” Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada reiterated their sector perform rating on shares of Inmarsat (LON:ISAT) in a report released on Wednesday. Royal Bank of Canada currently has a GBX 625 ($8.17) price objective on the stock.
Several other analysts have also weighed in on the company. Barclays raised their price objective on Inmarsat from GBX 465 ($6.08) to GBX 480 ($6.27) and gave the company an equal weight rating in a research note on Wednesday, November 21st. Numis Securities reaffirmed a hold rating and issued a GBX 390 ($5.10) price objective on shares of Inmarsat in a research note on Monday, November 12th. JPMorgan Chase & Co. reduced their price objective on Inmarsat from GBX 615 ($8.04) to GBX 580 ($7.58) and set a neutral rating on the stock in a research note on Friday, November 9th. Deutsche Bank reduced their price objective on Inmarsat from GBX 580 ($7.58) to GBX 575 ($7.51) and set a buy rating on the stock in a research note on Friday, November 9th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Inmarsat in a research note on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 500.71 ($6.54).
LON:ISAT opened at GBX 418.40 ($5.47) on Wednesday. Inmarsat has a twelve month low of GBX 381.20 ($4.98) and a twelve month high of GBX 865 ($11.30).
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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