Inmarsat Plc (ISAT) Rating Reiterated by Jefferies Group
Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a note issued to investors on Monday. They currently have a GBX 1,245 ($15.41) target price on the stock. Jefferies Group’s price objective points to a potential upside of 75.35% from the stock’s current price.
A number of other brokerages also recently issued reports on ISAT. Royal Bank Of Canada boosted their price objective on shares of Inmarsat Plc from GBX 1,100 ($13.61) to GBX 1,150 ($14.23) and gave the company an “outperform” rating in a research report on Friday, August 5th. Barclays PLC dropped their target price on shares of Inmarsat Plc from GBX 840 ($10.40) to GBX 745 ($9.22) and set an “underweight” rating for the company in a report on Monday, October 3rd. HSBC upped their target price on shares of Inmarsat Plc from GBX 890 ($11.01) to GBX 940 ($11.63) and gave the stock a “hold” rating in a report on Friday, August 5th. Macquarie upped their target price on shares of Inmarsat Plc from GBX 975 ($12.07) to GBX 1,000 ($12.38) and gave the stock a “neutral” rating in a report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 1,060 ($13.12) target price on shares of Inmarsat Plc in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 999.40 ($12.37).
Inmarsat Plc (LON:ISAT) traded up 0.28% during midday trading on Monday, reaching GBX 710.00. The company’s stock had a trading volume of 1,829,101 shares. The firm’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. The firm has a 50 day moving average price of GBX 743.96 and a 200 day moving average price of GBX 806.49.
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Inmarsat Plc Company Profile
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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