JPMorgan Chase & Co. Reiterates Overweight Rating for Inmarsat (ISAT)
Inmarsat (LON:ISAT)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 800 ($12.83) target price on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 13.48% from the company’s current price.
Shares of Inmarsat (LON:ISAT) traded down 0.70% during mid-day trading on Tuesday, hitting GBX 705.00. 478,229 shares of the company’s stock traded hands. Inmarsat has a 1-year low of GBX 534.50 and a 1-year high of GBX 749.00. The stock’s 50-day moving average is GBX 712.7 and its 200-day moving average is GBX 686.0. The company’s market cap is £3.156 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Inmarsat in a research note to investors on Monday, September 30th. They now have a GBX 635 ($10.19) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Inmarsat in a research note to investors on Monday, September 30th. They now have a GBX 560 ($8.98) price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Inmarsat in a research note to investors on Thursday, September 26th. They now have a GBX 724 ($11.62) price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Inmarsat has an average rating of “Hold” and an average price target of GBX 736.97 ($11.82).
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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