Inmarsat Plc (ISAT) Given Neutral Rating at Macquarie
Inmarsat Plc (LON:ISAT)‘s stock had its “neutral” rating restated by analysts at Macquarie in a report issued on Monday. They presently have a GBX 800 ($10.44) target price on the stock. Macquarie’s price target points to a potential upside of 13.72% from the stock’s current price.
ISAT has been the subject of a number of other research reports. Jefferies Group restated a “buy” rating and issued a GBX 1,245 ($16.25) target price on shares of Inmarsat Plc in a report on Monday. Goldman Sachs Group Inc. began coverage on Inmarsat Plc in a report on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($14.23) target price for the company. Citigroup Inc. upgraded Inmarsat Plc to a “buy” rating and increased their target price for the company from GBX 880 ($11.49) to GBX 900 ($11.75) in a report on Monday, June 20th. Haitong Bank lowered Inmarsat Plc to a “neutral” rating and set a GBX 880 ($11.49) target price for the company. in a report on Tuesday, August 9th. Finally, Barclays PLC increased their target price on Inmarsat Plc from GBX 790 ($10.31) to GBX 840 ($10.96) and gave the company an “underweight” rating in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Inmarsat Plc has an average rating of “Hold” and an average target price of GBX 999.40 ($13.05).
Inmarsat Plc (LON:ISAT) opened at 709.50 on Monday. The company has a 50-day moving average price of GBX 747.85 and a 200-day moving average price of GBX 809.80. The stock’s market cap is GBX 3.19 billion. Inmarsat Plc has a one year low of GBX 663.50 and a one year high of GBX 1,153.00.
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About Inmarsat Plc
Inmarsat plc is a United Kingdom-based provider of global mobile satellite communications services. The Company’s segments include Maritime, Government, Enterprise, Aviation and Central Services. The Maritime segment focuses on commercial maritime services across the world. The Maritime segment includes the provision of broadband data and safety communications for all vessel sizes.
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