Inmarsat’s (ISAT) “Hold” Rating Reaffirmed at Beaufort Securities
Inmarsat (LON:ISAT)‘s stock had its “hold” rating reiterated by research analysts at Beaufort Securities in a research report issued on Thursday. They currently have a GBX 475 ($6.39) price objective on the stock. Beaufort Securities’ price objective indicates a potential upside of 6.79% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Jefferies Group decreased their price objective on Inmarsat from GBX 1,245 ($16.76) to GBX 1,100 ($14.80) and set a “buy” rating for the company in a research note on Friday, September 8th. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,010 ($13.59) price objective on shares of Inmarsat in a research note on Wednesday, October 11th. Morgan Stanley decreased their price objective on Inmarsat from GBX 760 ($10.23) to GBX 620 ($8.34) and set an “equal weight” rating for the company in a research note on Tuesday, November 14th. Barclays upgraded Inmarsat to an “equal weight” rating and decreased their target price for the stock from GBX 695 ($9.35) to GBX 600 ($8.08) in a research note on Friday, November 17th. Finally, HSBC decreased their target price on Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a “hold” rating for the company in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 676.39 ($9.10).
Shares of Inmarsat (LON ISAT) traded down GBX 2.56 ($0.03) on Thursday, hitting GBX 444.80 ($5.99). The stock had a trading volume of 8,817,083 shares, compared to its average volume of 5,120,000. Inmarsat has a fifty-two week low of GBX 442 ($5.95) and a fifty-two week high of GBX 865 ($11.64).
Inmarsat 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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