BNP Paribas Reiterates underperform Rating for Inmarsat (ISAT)
Inmarsat (LON:ISAT)‘s stock had its “underperform” rating restated by stock analysts at BNP Paribas in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 635 ($10.27) target price on the stock. BNP Paribas’ price objective indicates a potential downside of 12.17% from the company’s current price.
A number of other firms have also recently commented on ISAT. Analysts at HSBC reiterated a “neutral” rating on shares of Inmarsat in a research note to investors on Wednesday. They now have a GBX 750 ($12.13) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Inmarsat in a research note to investors on Wednesday, October 16th. They now have a GBX 800 ($12.94) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Inmarsat in a research note to investors on Wednesday, October 16th. They now have a GBX 870 ($14.07) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Inmarsat currently has a consensus rating of “Hold” and an average target price of GBX 736.97 ($11.92).
Inmarsat (LON:ISAT) opened at 728.50 on Thursday. Inmarsat has a 52-week low of GBX 534.50 and a 52-week high of GBX 749.00. The stock has a 50-day moving average of GBX 717.7 and a 200-day moving average of GBX 690.4. The company’s market cap is £3.261 billion.
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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