Inmarsat Plc Now Covered by Analysts at Oriel Securities Ltd (ISAT)
Analysts at Oriel Securities Ltd started coverage on shares of Inmarsat Plc (LON:ISAT) in a research report issued to clients and investors on Monday. The firm set an “add” rating and a GBX 840 ($14.38) price target on the stock. Oriel Securities Ltd’s price target would suggest a potential upside of 11.93% from the company’s current price.
Inmarsat Plc (LON:ISAT) traded up 1.90% during mid-day trading on Monday, hitting GBX 750.50. 418,666 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’s 50-day moving average is GBX 739.6 and its 200-day moving average is GBX 727.0. The company’s market cap is £3.359 billion.
A number of other firms have also recently commented on ISAT. Analysts at Jefferies Group reiterated a “buy” rating on shares of Inmarsat Plc in a research note on Monday. They now have a GBX 920 ($15.75) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Inmarsat Plc in a research note on Tuesday, July 8th. They now have a GBX 825 ($14.12) price target on the stock. Finally, 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 ($11.13) price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 773.37 ($13.24).
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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