Jefferies Group Reiterates “Buy” Rating for Inmarsat Plc (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a GBX 1,245 ($15.55) price target on the stock. Jefferies Group’s price target would indicate a potential upside of 71.84% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. Barclays PLC upgraded shares of Inmarsat Plc to an “equal weight” rating and set a GBX 860 ($10.74) price objective on the stock in a research report on Monday, November 7th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 1,040 ($12.99) price target on shares of Inmarsat Plc in a research report on Friday, November 4th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 940 ($11.74) price target (down from GBX 1,060 ($13.24)) on shares of Inmarsat Plc in a research report on Wednesday, October 26th. HSBC reduced their price target on shares of Inmarsat Plc from GBX 940 ($11.74) to GBX 790 ($9.87) and set a “hold” rating on the stock in a research report on Thursday, October 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Inmarsat Plc from GBX 1,050 ($13.12) to GBX 950 ($11.87) and set an “overweight” rating on the stock in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 981.86 ($12.27).
Shares of Inmarsat Plc (LON:ISAT) opened at 724.50 on Monday. The stock has a 50 day moving average of GBX 717.41 and a 200 day moving average of GBX 761.78. The company’s market cap is GBX 3.26 billion. Inmarsat Plc has a 1-year low of GBX 663.50 and a 1-year high of GBX 1,153.00.
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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