Macquarie Reaffirms “Neutral” Rating for Inmarsat Plc (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “neutral” rating reaffirmed by equities researchers at Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 800 ($10.44) price target on the stock. Macquarie’s price target points to a potential upside of 13.72% from the stock’s current price.
Several other analysts have also weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,245 ($16.25) price objective on shares of Inmarsat Plc in a report on Monday. Barclays PLC decreased their price target on shares of Inmarsat Plc from GBX 840 ($10.96) to GBX 745 ($9.72) and set an “underweight” rating on the stock in a research note on Monday, October 3rd. Goldman Sachs Group Inc. initiated coverage on shares of Inmarsat Plc in a research note on Wednesday, August 10th. They set a “buy” rating and a GBX 1,090 ($14.23) price target on the stock. Haitong Bank cut shares of Inmarsat Plc to a “neutral” rating and set a GBX 880 ($11.49) price target on the stock. in a research note on Tuesday, August 9th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,060 ($13.84) price target on shares of Inmarsat Plc in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Inmarsat Plc has a consensus rating of “Hold” and a consensus price target of GBX 999.40 ($13.05).
Shares of Inmarsat Plc (LON:ISAT) opened at 710.00 on Monday. The firm’s 50-day moving average is GBX 747.85 and its 200 day moving average is GBX 809.80. The firm’s market capitalization is GBX 3.19 billion. Inmarsat Plc has a 52 week low of GBX 663.50 and a 52 week high of GBX 1,153.00.
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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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