Berenberg Bank Upgrades Inmarsat Plc (ISAT) to Hold
Berenberg Bank upgraded shares of Inmarsat Plc (LON:ISAT) to a hold rating in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have GBX 640 ($8.45) target price on the stock, down from their prior target price of GBX 680 ($8.97).
Other analysts also recently issued reports about the stock. Deutsche Bank AG restated a buy rating and issued a GBX 1,010 ($13.33) target price on shares of Inmarsat Plc in a report on Wednesday, October 11th. Jefferies Group LLC reduced their target price on shares of Inmarsat Plc from GBX 1,245 ($16.43) to GBX 1,100 ($14.52) and set a buy rating on the stock in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Inmarsat Plc from GBX 960 ($12.67) to GBX 920 ($12.14) and set a buy rating on the stock in a report on Friday, July 14th. HSBC Holdings plc reduced their target price on shares of Inmarsat Plc from GBX 850 ($11.22) to GBX 830 ($10.95) and set a hold rating on the stock in a report on Friday, July 21st. Finally, J P Morgan Chase & Co boosted their target price on shares of Inmarsat Plc from GBX 840 ($11.08) to GBX 850 ($11.22) and gave the stock a neutral rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 800.67 ($10.57).
Shares of Inmarsat Plc (ISAT) opened at GBX 582.50 ($7.69) on Thursday. Inmarsat Plc has a fifty-two week low of GBX 576.50 ($7.61) and a fifty-two week high of GBX 865 ($11.41).
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In other news, insider Simon Bax purchased 3,250 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of GBX 742 ($9.79) per share, for a total transaction of £24,115 ($31,822.38).
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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