Inmarsat Plc Given New GBX 735 Price Target at Berenberg Bank (ISAT)
Equities research analysts at Berenberg Bank boosted their price objective on shares of Inmarsat Plc (LON:ISAT) from GBX 715 ($12.14) to GBX 735 ($12.48) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential downside of 0.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Inmarsat Plc in a research note on Tuesday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Inmarsat Plc in a research note on Monday. They now have a GBX 800 ($13.58) price target on the stock. Finally, analysts at Oddo & Cie reiterated a “neutral” rating on shares of Inmarsat Plc in a research note on Thursday, June 12th. They now have a GBX 650 ($11.03) price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Inmarsat Plc has a consensus rating of “Hold” and a consensus target price of GBX 749.31 ($12.72).
Inmarsat Plc (LON:ISAT) traded up 0.96% on Tuesday, hitting GBX 737.50. The stock had a trading volume of 599,937 shares. Inmarsat Plc has a 1-year low of GBX 631.00 and a 1-year high of GBX 774.50. The stock has a 50-day moving average of GBX 728.1 and a 200-day moving average of GBX 724.8. The company’s market cap is £3.300 billion.
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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