Inmarsat (LON:ISAT) was upgraded by research analysts at Numis Securities to a “hold” rating in a research report issued on Tuesday, October 30th. The firm presently has a GBX 430 ($5.62) price objective on the stock. Numis Securities’ target price points to a potential upside of 4.02% from the company’s current price.
Several other research analysts also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Inmarsat from GBX 490 ($6.40) to GBX 560 ($7.32) and gave the stock an “equal weight” rating in a research report on Wednesday, August 8th. Societe Generale upgraded shares of Inmarsat to a “hold” rating and upped their price target for the stock from GBX 385 ($5.03) to GBX 560 ($7.32) in a research report on Thursday, August 9th. Barclays upped their price target on shares of Inmarsat from GBX 460 ($6.01) to GBX 465 ($6.08) and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Goldman Sachs Group upped their target price on shares of Inmarsat from GBX 480 ($6.27) to GBX 500 ($6.53) and gave the company a “neutral” rating in a research report on Thursday, August 9th. Finally, Deutsche Bank restated a “buy” rating on shares of Inmarsat in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Inmarsat currently has a consensus rating of “Hold” and an average price target of GBX 534 ($6.98).
Shares of LON:ISAT traded down GBX 2.20 ($0.03) on Tuesday, hitting GBX 413.40 ($5.40). The stock had a trading volume of 1,061,983 shares, compared to its average volume of 2,850,000. Inmarsat has a twelve month low of GBX 381.20 ($4.98) and a twelve month high of GBX 865 ($11.30).
Inmarsat Company Profile
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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