Inmarsat Given New GBX 770 Price Target at Nomura (ISAT)
Analysts at Nomura upped their target price on shares of Inmarsat (LON:ISAT) from GBX 715 ($11.75) to GBX 770 ($12.65) in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Nomura’s price objective indicates a potential upside of 10.79% from the stock’s previous close.
Shares of Inmarsat (LON:ISAT) traded down 0.79% during mid-day trading on Monday, hitting GBX 695.00. 744,856 shares of the company’s stock traded hands. Inmarsat has a one year low of GBX 599.055 and a one year high of GBX 773.00. The stock’s 50-day moving average is GBX 743. and its 200-day moving average is GBX 717.1. The company’s market cap is £3.111 billion.
A number of other analysts have also recently weighed in on ISAT. Analysts at Barclays reiterated an “equal weight” rating on shares of Inmarsat in a research note to investors on Thursday, January 23rd. They now have a GBX 740 ($12.16) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Inmarsat in a research note to investors on Wednesday, January 22nd. They now have a GBX 780 ($12.82) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Inmarsat from GBX 560 ($9.20) to GBX 700 ($11.50) in a research note to investors on Thursday, January 16th. They now have a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 751.12 ($12.34).
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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