Inmarsat (ISAT) Receives Outperform Rating from Credit Suisse Group

Inmarsat (LON:ISAT)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse Group in a research note issued to investors on Friday, March 9th. They currently have a GBX 810 ($11.19) target price on the stock. Credit Suisse Group’s target price would suggest a potential upside of 123.70% from the stock’s current price.

ISAT has been the topic of a number of other research reports. Numis Securities reissued a “sell” rating and issued a GBX 400 ($5.53) price objective on shares of Inmarsat in a research report on Wednesday, March 7th. HSBC cut their price objective on shares of Inmarsat from GBX 720 ($9.95) to GBX 570 ($7.88) and set a “hold” rating on the stock in a research report on Wednesday, November 15th. JPMorgan Chase lowered their target price on shares of Inmarsat from GBX 740 ($10.22) to GBX 690 ($9.53) and set a “neutral” rating on the stock in a report on Friday, November 10th. Berenberg Bank lowered their target price on shares of Inmarsat from GBX 640 ($8.84) to GBX 600 ($8.29) and set a “hold” rating on the stock in a report on Wednesday, November 15th. Finally, Barclays restated an “equal weight” rating and set a GBX 570 ($7.88) target price on shares of Inmarsat in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 602.65 ($8.33).

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Inmarsat stock remained flat at $GBX 362.10 ($5.00) during midday trading on Friday. Inmarsat has a one year low of GBX 381.20 ($5.27) and a one year high of GBX 865 ($11.95).

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Inmarsat 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.

Analyst Recommendations for Inmarsat (LON:ISAT)

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