Societe Generale Reiterates Sell Rating for Inmarsat Plc (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “sell” rating restated by research analysts at Societe Generale in a report released on Friday. They currently have a GBX 650 ($10.90) price target on the stock. Societe Generale’s target price would indicate a potential downside of 11.74% from the stock’s previous close.
ISAT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Inmarsat Plc from GBX 780 ($13.08) to GBX 810 ($13.58) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Inmarsat Plc in a research note on Tuesday, May 20th. They now have a GBX 715 ($11.99) price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Inmarsat Plc in a research note on Tuesday, May 13th. They now have a GBX 719 ($12.05) price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 751.19 ($12.59).
Inmarsat Plc (LON:ISAT) traded up 2.63% during mid-day trading on Friday, hitting GBX 755.85. The stock had a trading volume of 439,862 shares. Inmarsat Plc has a one year low of GBX 614.50 and a one year high of GBX 774.50. The stock’s 50-day moving average is GBX 729.0 and its 200-day moving average is GBX 721.1. The company’s market cap is £3.383 billion.
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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