Deutsche Bank AG Reiterates 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 research report issued to clients and investors on Monday. They currently have a GBX 1,010 ($13.62) price objective on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 61.47% from the stock’s current price.
ISAT has been the topic of a number of other research reports. HSBC Holdings plc lowered their price target on Inmarsat Plc from GBX 850 ($11.46) to GBX 830 ($11.19) and set a “hold” rating on the stock in a research report on Friday, July 21st. J P Morgan Chase & Co boosted their price target on Inmarsat Plc from GBX 840 ($11.33) to GBX 850 ($11.46) and gave the stock a “neutral” rating in a research report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a GBX 1,245 ($16.79) price target on shares of Inmarsat Plc in a research report on Monday, June 26th. Credit Suisse Group reissued an “outperform” rating and set a GBX 890 ($12.00) price target on shares of Inmarsat Plc in a research report on Friday, August 11th. Finally, Barclays PLC restated an “underweight” rating on shares of Inmarsat Plc in a report on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 833.57 ($11.24).
Shares of Inmarsat Plc (ISAT) opened at 636.50 on Monday. The company’s 50-day moving average price is GBX 713.65 and its 200 day moving average price is GBX 773.30. The company’s market cap is GBX 2.89 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 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 price of GBX 646 ($8.71) per share, for a total transaction of £16,150 ($21,774.30).
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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