Inmarsat Plc (ISAT) Research Coverage Started at Numis Securities Ltd
Stock analysts at Numis Securities Ltd started coverage on shares of Inmarsat Plc (LON:ISAT) in a note issued to investors on Tuesday. The firm set a “sell” rating and a GBX 480 ($6.20) price target on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 34.74% from the stock’s previous close.
Several other analysts have also commented on ISAT. Credit Suisse Group reissued an “outperform” rating and issued a GBX 890 ($11.49) price objective on shares of Inmarsat Plc in a report on Friday, August 11th. Deutsche Bank AG lowered their price target on Inmarsat Plc from GBX 1,020 ($13.17) to GBX 1,010 ($13.04) and set a “buy” rating on the stock in a research note on Friday, August 11th. Barclays PLC reaffirmed an “underweight” rating on shares of Inmarsat Plc in a research note on Friday, June 9th. J P Morgan Chase & Co lifted their price target on Inmarsat Plc from GBX 840 ($10.85) to GBX 850 ($10.98) and gave the stock a “neutral” rating in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) lowered their price target on Inmarsat Plc from GBX 960 ($12.40) to GBX 920 ($11.88) and set a “buy” rating on the stock in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Inmarsat Plc presently has an average rating of “Hold” and a consensus price target of GBX 849.64 ($10.97).
Shares of Inmarsat Plc (ISAT) opened at 703.00 on Tuesday. The stock’s market capitalization is GBX 3.19 billion. The stock’s 50 day moving average price is GBX 750.67 and its 200 day moving average price is GBX 774.37. Inmarsat Plc has a one year low of GBX 594.50 and a one year high of GBX 865.00.
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In other news, insider Simon Bax acquired 3,250 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of GBX 742 ($9.58) per share, for a total transaction of £24,115 ($31,144.26). Also, insider Tony Bates sold 15,155 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of GBX 813 ($10.50), for a total value of £123,210.15 ($159,124.56).
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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