Inmarsat Plc (ISAT) Receives Consensus Rating of “Hold” from Brokerages
Shares of Inmarsat Plc (LON:ISAT) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 833.57 ($11.08).
A number of analysts recently commented on ISAT shares. Numis Securities Ltd started coverage on shares of Inmarsat Plc in a research note on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.38) target price for the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,010 ($13.42) target price on shares of Inmarsat Plc in a research note on Thursday, September 28th. Jefferies Group LLC lowered their target price on shares of Inmarsat Plc from GBX 1,245 ($16.54) to GBX 1,100 ($14.62) and set a “buy” rating for the company in a research note on Friday, September 8th. HSBC Holdings plc lowered their target price on shares of Inmarsat Plc from GBX 850 ($11.29) to GBX 830 ($11.03) and set a “hold” rating for the company in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) lowered their target price on shares of Inmarsat Plc from GBX 960 ($12.76) to GBX 920 ($12.22) and set a “buy” rating for the company in a research note on Friday, July 14th.
In other Inmarsat Plc news, insider Simon Bax acquired 2,500 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of GBX 646 ($8.58) per share, for a total transaction of £16,150 ($21,458.94).
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Shares of Inmarsat Plc (LON ISAT) traded up 1.06% on Thursday, reaching GBX 620.00. 2,042,368 shares of the company were exchanged. The stock’s market capitalization is GBX 2.81 billion. Inmarsat Plc has a 52 week low of GBX 594.50 and a 52 week high of GBX 865.00. The firm’s 50 day moving average price is GBX 648.23 and its 200 day moving average price is GBX 751.22.
The firm 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 is Thursday, September 14th.
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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