Deutsche Bank AG Reaffirms Buy Rating for Inmarsat Plc (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a note issued to investors on Monday. They presently have a GBX 1,010 ($13.04) price target on the stock. Deutsche Bank AG’s target price suggests a potential upside of 62.12% from the stock’s current price.
Several other research analysts have also commented on the stock. Barclays PLC dropped their price target on shares of Inmarsat Plc from GBX 755 ($9.75) to GBX 670 ($8.65) and set an “underweight” rating on the stock in a research note on Friday. Jefferies Group LLC lowered their target price on shares of Inmarsat Plc from GBX 1,245 ($16.08) to GBX 1,100 ($14.21) and set a “buy” rating on the stock in a research note on Friday, September 8th. Numis Securities Ltd began coverage on shares of Inmarsat Plc in a research note on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.20) target price on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 890 ($11.49) target price on shares of Inmarsat Plc in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co raised their target price on shares of Inmarsat Plc from GBX 840 ($10.85) to GBX 850 ($10.98) and gave the company a “neutral” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Inmarsat Plc presently has an average rating of “Hold” and a consensus price target of GBX 833.57 ($10.77).
Shares of Inmarsat Plc (ISAT) opened at 631.00 on Monday. The stock’s 50 day moving average is GBX 721.74 and its 200 day moving average is GBX 773.36. The stock’s market capitalization is GBX 2.86 billion. Inmarsat Plc has a 52 week low of GBX 594.50 and a 52 week high of GBX 865.00.
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In other Inmarsat Plc news, insider Simon Bax acquired 2,500 shares of Inmarsat Plc stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of GBX 646 ($8.34) per share, with a total value of £16,150 ($20,857.55).
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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