Inmarsat (LON:ISAT) was upgraded by equities researchers at Barclays to an “equal weight” rating in a research report issued to clients and investors on Friday, November 17th. The brokerage currently has a GBX 600 ($8.04) price target on the stock, down from their prior price target of GBX 695 ($9.31). Barclays’ price objective would suggest a potential upside of 17.53% from the company’s current price.
A number of other equities analysts have also recently issued reports on ISAT. lowered their target price on Inmarsat from GBX 850 ($11.38) to GBX 830 ($11.12) and set a “hold” rating for the company in a report on Friday, July 21st. Deutsche Bank reiterated a “buy” rating and set a GBX 1,020 ($13.66) target price on shares of Inmarsat in a report on Monday, July 24th. J P Morgan Chase & Co raised their price objective on Inmarsat from GBX 840 ($11.25) to GBX 850 ($11.38) and gave the company a “neutral” rating in a report on Friday, August 4th. Credit Suisse Group restated an “outperform” rating and issued a GBX 890 ($11.92) price objective on shares of Inmarsat in a report on Friday, August 11th. Finally, Numis Securities started coverage on Inmarsat in a report on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.43) price objective for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Inmarsat currently has a consensus rating of “Hold” and a consensus target price of GBX 721.67 ($9.66).
Inmarsat (LON ISAT) opened at GBX 510.50 ($6.84) on Friday. Inmarsat has a 1-year low of GBX 467.30 ($6.26) and a 1-year high of GBX 865 ($11.58).
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.
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