Inmarsat Plc (ISAT) Receives Average Recommendation of “Hold” from Brokerages
Inmarsat Plc (LON:ISAT) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 891.54 ($11.60).
A number of equities analysts have recently commented on ISAT shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,020 ($13.27) price target on shares of Inmarsat Plc in a report on Tuesday, May 16th. Citigroup Inc reissued a “neutral” rating and issued a GBX 770 ($10.02) price target on shares of Inmarsat Plc in a report on Monday, May 15th. HSBC Holdings plc increased their price target on shares of Inmarsat Plc from GBX 650 ($8.46) to GBX 850 ($11.06) and gave the stock a “hold” rating in a report on Monday, March 13th. Berenberg Bank reissued a “hold” rating and issued a GBX 740 ($9.63) price target on shares of Inmarsat Plc in a report on Thursday, February 9th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Inmarsat Plc in a report on Friday, March 10th.
Shares of Inmarsat Plc (LON:ISAT) traded up 2.03% on Monday, reaching GBX 803.00. 1,200,467 shares of the company were exchanged. The stock’s market capitalization is GBX 3.63 billion. The firm has a 50 day moving average price of GBX 814.70 and a 200-day moving average price of GBX 739.97. Inmarsat Plc has a 12-month low of GBX 594.50 and a 12-month high of GBX 889.00.
The company also recently declared a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 20th will be given a dividend of €0.33 ($0.37) per share. The ex-dividend date of this dividend is Thursday, April 20th. This represents a yield of 3.69%. This is a boost from Inmarsat Plc’s previous dividend of $0.30.
In other Inmarsat Plc news, insider Andrew (Andy) Sukawaty sold 52,963 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of GBX 750 ($9.76), for a total transaction of £397,222.50 ($516,745.80).
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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