Inmarsat Plc’s Buy Rating Reaffirmed at Citigroup Inc. (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a GBX 825 ($14.15) target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 10.00% from the stock’s previous close.
ISAT has been the subject of a number of other recent research reports. Analysts at Oddo & Cie reiterated a “neutral” rating on shares of Inmarsat Plc in a research note on Friday, June 27th. They now have a GBX 650 ($11.15) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Inmarsat Plc from GBX 800 ($13.72) to GBX 920 ($15.78) in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Inmarsat Plc from GBX 800 ($13.72) to GBX 920 ($15.78) in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Inmarsat Plc presently has an average rating of “Hold” and an average target price of GBX 769.67 ($13.20).
Inmarsat Plc (LON:ISAT) traded down 0.86% on Tuesday, hitting GBX 750.00. 470,763 shares of the company’s stock traded hands. Inmarsat Plc has a 1-year low of GBX 636.00 and a 1-year high of GBX 774.50. The stock has a 50-day moving average of GBX 735.3 and a 200-day moving average of GBX 727.3. The company’s market cap is £3.356 billion.
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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