Inmarsat (LON:ISAT)‘s stock had its “equal weight” rating restated by investment analysts at Barclays in a report released on Friday. They presently have a GBX 570 ($7.99) target price on the stock. Barclays’ price target indicates a potential upside of 28.64% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Deutsche Bank decreased their price target on Inmarsat from GBX 1,010 ($14.16) to GBX 850 ($11.92) and set a “buy” rating for the company in a research note on Thursday, November 16th. Jefferies Group reissued a “buy” rating and issued a GBX 1,100 ($15.42) price target on shares of Inmarsat in a research note on Friday, November 10th. Morgan Stanley decreased their price target on Inmarsat from GBX 760 ($10.66) to GBX 620 ($8.69) and set an “equal weight” rating for the company in a research note on Tuesday, November 14th. HSBC decreased their price target on Inmarsat from GBX 720 ($10.10) to GBX 570 ($7.99) and set a “hold” rating for the company in a research note on Wednesday, November 15th. Finally, Berenberg Bank decreased their price target on Inmarsat from GBX 640 ($8.97) to GBX 600 ($8.41) and set a “hold” rating for the company in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Inmarsat presently has an average rating of “Hold” and an average target price of GBX 665 ($9.32).
Inmarsat (ISAT) opened at GBX 443.11 ($6.21) on Friday. Inmarsat has a 52 week low of GBX 434.20 ($6.09) and a 52 week high of GBX 865 ($12.13). The stock has a market capitalization of $2,050.00 and a price-to-earnings ratio of 1,303.26.
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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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