Inmarsat Plc’s (ISAT) Outperform Rating Reaffirmed at Credit Suisse Group
Inmarsat Plc (LON:ISAT)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a research note issued to investors on Friday. They currently have a GBX 890 ($11.59) price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 21.75% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Jefferies Group LLC restated a “buy” rating and issued a GBX 1,245 ($16.21) target price on shares of Inmarsat Plc in a research note on Monday, June 19th. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,020 ($13.28) target price on shares of Inmarsat Plc in a research note on Monday, June 19th. Beaufort Securities upgraded Inmarsat Plc to a “buy” rating and lifted their target price for the company from GBX 785 ($10.22) to GBX 950 ($12.37) in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) decreased their target price on Inmarsat Plc from GBX 960 ($12.50) to GBX 920 ($11.98) and set a “buy” rating for the company in a research note on Friday, July 14th. Finally, HSBC Holdings plc decreased their target price on Inmarsat Plc from GBX 850 ($11.07) to GBX 830 ($10.81) and set a “hold” rating for the company in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Inmarsat Plc currently has an average rating of “Hold” and an average target price of GBX 878.08 ($11.43).
Inmarsat Plc (LON:ISAT) traded down 1.35% on Friday, reaching GBX 731.00. The company had a trading volume of 770,752 shares. The firm has a 50-day moving average of GBX 761.34 and a 200-day moving average of GBX 762.05. Inmarsat Plc has a 12 month low of GBX 594.50 and a 12 month high of GBX 885.00. The stock’s market capitalization is GBX 3.33 billion.
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In other news, insider Simon Bax bought 3,250 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of GBX 742 ($9.66) per share, with a total value of £24,115 ($31,403.83). Also, insider Tony Bates sold 15,155 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of GBX 813 ($10.59), for a total value of £123,210.15 ($160,450.77).
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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