Inmarsat Plc (ISAT) Receives “Sell” Rating from Numis Securities Ltd
Inmarsat Plc (LON:ISAT)‘s stock had its “sell” rating reissued by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 400 ($5.26) target price on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 17.25% from the stock’s current price.
Several other research firms have also commented on ISAT. J P Morgan Chase & Co lifted their price target on Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the stock a “neutral” rating in a research report on Friday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 890 ($11.71) price target on shares of Inmarsat Plc in a research report on Friday, August 11th. Deutsche Bank AG dropped their target price on Inmarsat Plc from GBX 1,020 ($13.42) to GBX 1,010 ($13.28) and set a “buy” rating on the stock in a report on Friday, August 11th. Jefferies Group LLC dropped their target price on Inmarsat Plc from GBX 1,245 ($16.38) to GBX 1,100 ($14.47) and set a “buy” rating on the stock in a report on Friday, September 8th. Finally, Barclays PLC dropped their target price on Inmarsat Plc from GBX 755 ($9.93) to GBX 670 ($8.81) and set an “underweight” rating on the stock in a report on Friday, September 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Inmarsat Plc has a consensus rating of “Hold” and a consensus price target of GBX 727.22 ($9.56).
Shares of Inmarsat Plc (LON:ISAT) opened at GBX 483.40 ($6.36) on Wednesday. Inmarsat Plc has a 52 week low of GBX 487.60 ($6.41) and a 52 week high of GBX 865 ($11.38).
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About Inmarsat Plc
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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