Inmarsat Plc’s (ISAT) “Outperform” Rating Reaffirmed at Credit Suisse Group
Inmarsat Plc (LON:ISAT)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a research report issued to clients and investors on Friday. They presently have a GBX 890 ($11.59) price target on the stock. Credit Suisse Group’s price objective suggests a potential upside of 20.11% from the stock’s current price.
A number of other research analysts also recently commented on the stock. Deutsche Bank AG lowered their price objective on shares of Inmarsat Plc from GBX 1,020 ($13.28) to GBX 1,010 ($13.15) and set a “buy” rating on the stock in a research report on Friday. J P Morgan Chase & Co boosted their price objective on shares of Inmarsat Plc from GBX 840 ($10.94) to GBX 850 ($11.07) and gave the company a “neutral” rating in a research report on Friday, August 4th. HSBC Holdings plc lowered their price objective on shares of Inmarsat Plc from GBX 850 ($11.07) to GBX 830 ($10.81) and set a “hold” rating on the stock in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Inmarsat Plc from GBX 960 ($12.50) to GBX 920 ($11.98) and set a “buy” rating on the stock in a research report on Friday, July 14th. Finally, Berenberg Bank reaffirmed a “sell” rating and set a GBX 710 ($9.25) price objective on shares of Inmarsat Plc in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 878.08 ($11.43).
Shares of Inmarsat Plc (LON:ISAT) opened at 732.00 on Friday. Inmarsat Plc has a 52-week low of GBX 594.50 and a 52-week high of GBX 885.00. The firm’s market capitalization is GBX 3.32 billion. The stock has a 50 day moving average of GBX 764.78 and a 200 day moving average of GBX 761.40.
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In other news, insider Tony Bates sold 15,155 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of GBX 813 ($10.59), for a total value of £123,210.15 ($160,450.77). Also, insider Simon Bax acquired 3,250 shares of Inmarsat Plc stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of GBX 742 ($9.66) per share, with a total value of £24,115 ($31,403.83).
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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