Inmarsat (ISAT) Stock Rating Reaffirmed by Royal Bank of Canada
Inmarsat (LON:ISAT)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research report issued on Wednesday. They currently have a GBX 625 ($8.17) target price on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 45.48% from the stock’s current price.
A number of other analysts also recently issued reports on ISAT. Barclays raised their price target on Inmarsat from GBX 465 ($6.08) to GBX 480 ($6.27) and gave the stock an “equal weight” rating in a research report on Wednesday, November 21st. Numis Securities restated a “hold” rating and issued a GBX 390 ($5.10) price target on shares of Inmarsat in a research report on Monday, November 12th. Deutsche Bank lowered their price target on Inmarsat from GBX 580 ($7.58) to GBX 575 ($7.51) and set a “buy” rating for the company in a research report on Friday, November 9th. Goldman Sachs Group raised their price target on Inmarsat from GBX 480 ($6.27) to GBX 500 ($6.53) and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Finally, Societe Generale upgraded Inmarsat to a “hold” rating and raised their price target for the stock from GBX 385 ($5.03) to GBX 560 ($7.32) in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 500.71 ($6.54).
Shares of ISAT stock traded up GBX 18.90 ($0.25) on Wednesday, reaching GBX 429.60 ($5.61). The company’s stock had a trading volume of 2,758,524 shares, compared to its average volume of 2,850,000. Inmarsat has a 1 year low of GBX 381.20 ($4.98) and a 1 year high of GBX 865 ($11.30).
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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