Inmarsat Plc (ISAT) Given Outperform Rating at Credit Suisse Group
Credit Suisse Group reiterated their outperform rating on shares of Inmarsat Plc (LON:ISAT) in a research report released on Friday. Credit Suisse Group currently has a GBX 890 ($11.55) price target on the stock.
Several other equities research analysts have also commented on the company. Barclays PLC lowered Inmarsat Plc to an underweight rating and upped their price objective for the stock from GBX 710 ($9.22) to GBX 750 ($9.74) in a research note on Friday, May 5th. Berenberg Bank restated a sell rating and issued a GBX 710 ($9.22) price objective on shares of Inmarsat Plc in a research note on Tuesday, July 4th. Deutsche Bank AG restated a buy rating and issued a GBX 1,020 ($13.24) price objective on shares of Inmarsat Plc in a research note on Wednesday, June 28th. Jefferies Group LLC restated a buy rating and issued a GBX 1,245 ($16.16) price objective on shares of Inmarsat Plc in a research note on Monday, June 26th. Finally, J P Morgan Chase & Co restated a neutral rating and issued a GBX 850 ($11.03) price objective on shares of Inmarsat Plc in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 878.08 ($11.40).
Shares of Inmarsat Plc (ISAT) opened at 741.50 on Friday. The company’s market cap is GBX 3.36 billion. Inmarsat Plc has a 1-year low of GBX 594.50 and a 1-year high of GBX 885.00. The company’s 50-day moving average price is GBX 760.10 and its 200 day moving average price is GBX 763.71.
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The firm also recently declared a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 14th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a yield of 2.26%.
In other Inmarsat Plc news, insider Tony Bates sold 15,155 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of GBX 813 ($10.55), for a total transaction of £123,210.15 ($159,950.86). Also, insider Simon Bax acquired 3,250 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 742 ($9.63) per share, with a total value of £24,115 ($31,305.98).
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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