Inmarsat Plc (ISAT) Given Consensus Recommendation of “Hold” by Analysts
Shares of Inmarsat Plc (LON:ISAT) have received an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 918.75 ($11.90).
A number of equities research analysts have issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,020 ($13.21) price target on shares of Inmarsat Plc in a research report on Wednesday, March 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 1,245 ($16.13) price target on shares of Inmarsat Plc in a research report on Monday, June 26th. Barclays PLC reaffirmed an “underweight” rating on shares of Inmarsat Plc in a research report on Friday, June 9th. HSBC Holdings plc increased their price target on Inmarsat Plc from GBX 650 ($8.42) to GBX 850 ($11.01) and gave the company a “hold” rating in a research report on Monday, March 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 960 ($12.44) price target on shares of Inmarsat Plc in a research report on Wednesday, April 5th.
In other news, insider Tony Bates sold 15,155 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of GBX 813 ($10.53), for a total value of £123,210.15 ($159,598.64).
Inmarsat Plc (LON ISAT) traded down 0.34% during trading on Tuesday, reaching GBX 737.00. The company’s stock had a trading volume of 1,061,288 shares. Inmarsat Plc has a 1-year low of GBX 594.50 and a 1-year high of GBX 889.00. The stock’s market capitalization is GBX 3.33 billion. The stock has a 50 day moving average price of GBX 803.28 and a 200 day moving average price of GBX 756.39.
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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