Inmarsat Plc’s (ISAT) Buy Rating Reiterated at Deutsche Bank AG

Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a note issued to investors on Tuesday, May 16th. They presently have a GBX 1,020 ($12.90) price target on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 27.58% from the stock’s previous close.

Several other equities analysts have also issued reports on ISAT. J P Morgan Chase & Co lowered Inmarsat Plc to a “neutral” rating and lowered their price target for the company from GBX 950 ($12.02) to GBX 830 ($10.50) in a research note on Wednesday, January 18th. Royal Bank of Canada lowered Inmarsat Plc to a “sector perform” rating and lowered their price target for the company from GBX 1,150 ($14.55) to GBX 775 ($9.80) in a research note on Wednesday, January 25th. HSBC Holdings plc lowered their price target on Inmarsat Plc from GBX 850 ($10.75) to GBX 650 ($8.22) and set a “hold” rating on the stock in a research note on Monday, January 30th. Berenberg Bank restated a “hold” rating and set a GBX 740 ($9.36) price target on shares of Inmarsat Plc in a research note on Thursday, February 9th. Finally, Barclays PLC decreased their price objective on Inmarsat Plc from GBX 860 ($10.88) to GBX 660 ($8.35) and set an “equal weight” rating on the stock in a report on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Inmarsat Plc presently has a consensus rating of “Hold” and an average price target of GBX 904.23 ($11.44).

Analyst Recommendations for Inmarsat Plc (LON:ISAT)

Shares of Inmarsat Plc (LON:ISAT) traded up 0.95% during midday trading on Tuesday, reaching GBX 799.50. The company’s stock had a trading volume of 2,629,212 shares. Inmarsat Plc has a 12 month low of GBX 594.50 and a 12 month high of GBX 889.00. The stock’s 50-day moving average is GBX 806.43 and its 200 day moving average is GBX 750.99. The stock’s market capitalization is GBX 3.61 billion.

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In other news, insider Tony Bates sold 15,155 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of GBX 813 ($10.28), for a total value of £123,210.15 ($155,863.57).

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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