Inmarsat Plc (LON:ISAT) Rating Reiterated by Deutsche Bank AG
Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a report released on Monday, July 24th, MarketBeat.com reports. They presently have a GBX 1,020 ($13.24) target price on the stock. Deutsche Bank AG’s target price indicates a potential upside of 39.63% from the company’s previous close.
A number of other analysts also recently weighed in on the company. Credit Suisse Group reiterated an “outperform” rating and set a GBX 890 ($11.55) price target on shares of Inmarsat Plc in a report on Friday, April 21st. Barclays PLC downgraded Inmarsat Plc to an “underweight” rating and increased their price target for the stock from GBX 710 ($9.22) to GBX 750 ($9.74) in a report on Friday, May 5th. Royal Bank Of Canada upgraded Inmarsat Plc from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from GBX 760 ($9.87) to GBX 1,000 ($12.98) in a report on Tuesday, March 28th. Berenberg Bank restated a “sell” rating and issued a GBX 710 ($9.22) target price on shares of Inmarsat Plc in a research note on Tuesday, July 4th. Finally, HSBC Holdings plc reduced their target price on Inmarsat Plc from GBX 850 ($11.03) to GBX 830 ($10.78) and set a “hold” rating for the company in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 878.08 ($11.40).
Inmarsat Plc (LON:ISAT) traded down 1.48% on Monday, reaching GBX 730.50. The company’s stock had a trading volume of 658,208 shares. The firm’s 50-day moving average price is GBX 756.47 and its 200-day moving average price is GBX 764.90. Inmarsat Plc has a 52-week low of GBX 594.50 and a 52-week high of GBX 865.00. The stock’s market cap is GBX 3.32 billion.
In other Inmarsat Plc news, insider Tony Bates sold 15,155 shares of Inmarsat Plc stock in a transaction that occurred on 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 bought 3,250 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of GBX 742 ($9.63) per share, for a total transaction 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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