Inmarsat Plc’s “Buy” Rating Reaffirmed at Citigroup Inc. (ISAT)
Inmarsat Plc (LON:ISAT) traded up 0.96% during mid-day trading on Tuesday, hitting GBX 737.50. 599,937 shares of the company’s stock traded hands. Inmarsat Plc has a 52 week low of GBX 631.00 and a 52 week high of GBX 774.50. The stock’s 50-day moving average is GBX 728.1 and its 200-day moving average is GBX 724.8. The company’s market cap is £3.300 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Inmarsat Plc in a research note on Friday, June 6th. They now have a GBX 650 ($11.03) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Inmarsat Plc currently has an average rating of “Hold” and a consensus target price of GBX 749.31 ($12.72).
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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