Inmarsat Stock Rating Reaffirmed by JPMorgan Chase & Co. (ISAT)
Inmarsat (LON:ISAT)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, Stock Ratings Network reports. They currently have a GBX 780 ($12.80) price target on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 4.91% from the company’s current price.
A number of other firms have also recently commented on ISAT. Analysts at Citigroup Inc. raised their price target on shares of Inmarsat from GBX 560 ($9.19) to GBX 700 ($11.49) in a research note to investors on Thursday, January 16th. They now have a “sell” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Inmarsat in a research note to investors on Thursday, January 9th. They now have a GBX 800 ($13.13) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Inmarsat from GBX 750 ($12.31) to GBX 790 ($12.97) in a research note to investors on Tuesday, December 10th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 750.05 ($12.31).
Inmarsat (LON:ISAT) traded up 0.07% during mid-day trading on Wednesday, hitting GBX 744.00. 258,423 shares of the company’s stock traded hands. Inmarsat has a 52 week low of GBX 599.055 and a 52 week high of GBX 773.00. The stock’s 50-day moving average is GBX 742.0 and its 200-day moving average is GBX 714.6. The company’s market cap is £3.330 billion.
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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