Inmarsat Plc Rating Reiterated by Berenberg Bank (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “hold” rating reiterated by Berenberg Bank in a research note issued on Friday. They currently have a GBX 735 ($12.48) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 0.82% from the company’s current price.
A number of other analysts have also recently weighed in on ISAT. Analysts at Societe Generale reiterated a “sell” rating on shares of Inmarsat Plc in a research note on Tuesday. They now have a GBX 650 ($11.04) price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Inmarsat Plc in a research note on Wednesday, July 16th. They now have a GBX 760 ($12.91) price target on the stock. Finally, analysts at Oriel Securities Ltd initiated coverage on shares of Inmarsat Plc in a research note on Monday, July 14th. They set an “add” rating and a GBX 840 ($14.26) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 773.37 ($13.13).
Inmarsat Plc (LON:ISAT) opened at 722.00 on Friday. 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 746.3 and a 200-day moving average of GBX 726.7. The company’s market cap is £3.231 billion.
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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