Inmarsat Plc (LON:ISAT) Receives GBX 996 Consensus Price Target from Brokerages
Inmarsat Plc (LON:ISAT) has earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the stock. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,019.07 ($13.57).
Several research firms have commented on ISAT. Barclays PLC restated an “underweight” rating and issued a GBX 840 ($11.19) price target on shares of Inmarsat Plc in a report on Wednesday, August 31st. Citigroup Inc. upgraded Inmarsat Plc to a “buy” rating and lifted their price target for the company from GBX 880 ($11.72) to GBX 900 ($11.99) in a report on Monday, June 20th. Jefferies Group restated a “buy” rating and issued a GBX 1,245 ($16.58) price target on shares of Inmarsat Plc in a report on Sunday, August 7th. Haitong Bank cut Inmarsat Plc to a “neutral” rating and set a GBX 880 ($11.72) price target for the company. in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. began coverage on Inmarsat Plc in a report on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($14.52) price target for the company.
Shares of Inmarsat Plc (LON:ISAT) opened at 712.4691 on Wednesday. The company has a 50-day moving average of GBX 801.14 and a 200 day moving average of GBX 834.12. Inmarsat Plc has a one year low of GBX 664.00 and a one year high of GBX 1,153.00. The firm’s market cap is GBX 3.20 billion.
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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