Deutsche Bank AG Reiterates Buy Rating for Inmarsat Plc (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank AG in a research report issued on Thursday. They currently have a GBX 1,010 ($13.58) price target on the stock. Deutsche Bank AG’s price objective points to a potential upside of 58.81% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Barclays PLC decreased their target price on shares of Inmarsat Plc from GBX 755 ($10.15) to GBX 670 ($9.01) and set an “underweight” rating on the stock in a research note on Friday, September 15th. Jefferies Group LLC decreased their target price on shares of Inmarsat Plc from GBX 1,245 ($16.74) to GBX 1,100 ($14.79) and set a “buy” rating on the stock in a research note on Friday, September 8th. Numis Securities Ltd started coverage on shares of Inmarsat Plc in a research note on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.46) target price on the stock. Credit Suisse Group reissued an “outperform” rating and issued a GBX 890 ($11.97) 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 ($11.30) to GBX 850 ($11.43) and gave the stock 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 given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 833.57 ($11.21).
Shares of Inmarsat Plc (LON:ISAT) opened at 635.50 on Thursday. Inmarsat Plc has a 52 week low of GBX 594.50 and a 52 week high of GBX 865.00. The company’s market capitalization is GBX 2.88 billion. The firm’s 50-day moving average price is GBX 713.65 and its 200 day moving average price is GBX 773.30.
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In other news, insider Simon Bax purchased 2,500 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of GBX 646 ($8.69) per share, for a total transaction of £16,150 ($21,718.67).
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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