Inmarsat Plc (ISAT) Receives Consensus Rating of “Hold” from Analysts
Inmarsat Plc (LON:ISAT) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 833.57 ($11.24).
A number of research firms have weighed in on ISAT. HSBC Holdings plc decreased their target price on shares of Inmarsat Plc from GBX 850 ($11.46) to GBX 830 ($11.19) and set a “hold” rating for the company in a research report on Friday, July 21st. J P Morgan Chase & Co raised their price objective on shares of Inmarsat Plc from GBX 840 ($11.33) to GBX 850 ($11.46) and gave the stock a “neutral” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 1,245 ($16.79) price objective on shares of Inmarsat Plc in a research report on Monday, June 26th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 890 ($12.00) price objective on shares of Inmarsat Plc in a research report on Friday, August 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,020 ($13.75) price objective on shares of Inmarsat Plc in a research report on Monday, June 19th.
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Shares of Inmarsat Plc (LON:ISAT) traded up 0.88% on Friday, reaching GBX 629.00. 869,733 shares of the company were exchanged. The company’s 50-day moving average price is GBX 713.65 and its 200 day moving average price is GBX 773.30. The company’s market cap is GBX 2.87 billion. Inmarsat Plc has a 12 month low of GBX 594.50 and a 12 month high of GBX 865.00.
The business also recently disclosed a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.22 per share. This represents a yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 14th.
In related news, insider Simon Bax acquired 2,500 shares of the company’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of GBX 646 ($8.71) per share, for a total transaction of £16,150 ($21,774.30).
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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