Inmarsat Plc (ISAT) Given Average Recommendation of “Hold” by Brokerages
Shares of Inmarsat Plc (LON:ISAT) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 964.40 ($12.05).
A number of analysts recently commented on the company. Jefferies Group reissued a “buy” rating and issued a GBX 1,245 ($15.55) target price on shares of Inmarsat Plc in a research report on Monday, October 31st. Royal Bank Of Canada raised their target price on Inmarsat Plc from GBX 1,100 ($13.74) to GBX 1,150 ($14.37) and gave the stock an “outperform” rating in a research report on Friday, August 5th. Barclays PLC decreased their target price on Inmarsat Plc from GBX 840 ($10.49) to GBX 745 ($9.31) and set an “underweight” rating for the company in a research report on Monday, October 3rd. Deutsche Bank AG reissued a “buy” rating and issued a GBX 720 ($9.00) target price on shares of Inmarsat Plc in a research report on Tuesday, November 22nd. Finally, HSBC raised their target price on Inmarsat Plc from GBX 890 ($11.12) to GBX 940 ($11.74) and gave the stock a “hold” rating in a research report on Friday, August 5th.
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Inmarsat Plc (LON:ISAT) opened at 717.50 on Wednesday. The firm’s market cap is GBX 3.22 billion. Inmarsat Plc has a 12-month low of GBX 663.50 and a 12-month high of GBX 1,153.00. The stock’s 50 day moving average price is GBX 723.00 and its 200-day moving average price is GBX 754.09.
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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