Beaufort Securities Reaffirms “Hold” Rating for Inmarsat (ISAT)
Several other brokerages have also commented on ISAT. Numis Securities began coverage on shares of Inmarsat in a research note on Tuesday, September 5th. They issued a sell rating and a GBX 480 ($6.46) price target on the stock. Jefferies Group dropped their price target on shares of Inmarsat from GBX 1,245 ($16.76) to GBX 1,100 ($14.80) and set a buy rating on the stock in a research note on Friday, September 8th. Deutsche Bank restated a buy rating and issued a GBX 1,010 ($13.59) price target on shares of Inmarsat in a research note on Wednesday, October 11th. Barclays dropped their price target on shares of Inmarsat from GBX 755 ($10.16) to GBX 670 ($9.02) and set an underweight rating on the stock in a research note on Friday, September 15th. Finally, Berenberg Bank upgraded shares of Inmarsat to a hold rating and dropped their price target for the company from GBX 680 ($9.15) to GBX 640 ($8.61) in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 676.39 ($9.10).
Shares of Inmarsat (LON:ISAT) opened at GBX 443.30 ($5.97) on Thursday. Inmarsat has a 12 month low of GBX 439.25 ($5.91) and a 12 month high of GBX 865 ($11.64).
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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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