Inmarsat Plc (ISAT) Given Neutral Rating at Macquarie
Inmarsat Plc (LON:ISAT)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 800 ($10.44) target price on the stock. Macquarie’s price target would indicate a potential upside of 13.72% from the stock’s current price.
Several other research firms have also commented on ISAT. Jefferies Group reiterated a “buy” rating and issued a GBX 1,245 ($16.25) target price on shares of Inmarsat Plc in a research note on Monday. Royal Bank Of Canada upped their target price on Inmarsat Plc from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) and gave the company an “outperform” rating in a research note on Friday, August 5th. HSBC upped their target price on Inmarsat Plc from GBX 890 ($11.62) to GBX 940 ($12.27) and gave the company a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,060 ($13.84) target price on shares of Inmarsat Plc in a research note on Thursday, August 4th. Finally, Goldman Sachs Group Inc. initiated coverage on Inmarsat Plc in a research note on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($14.23) target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Inmarsat Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 999.40 ($13.05).
Shares of Inmarsat Plc (LON:ISAT) opened at 709.50 on Monday. The firm’s market cap is GBX 3.19 billion. The firm has a 50-day moving average price of GBX 747.85 and a 200-day moving average price of GBX 809.80. Inmarsat Plc has a 52-week low of GBX 663.50 and a 52-week high of GBX 1,153.00.
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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