Inmarsat Plc (LON:ISAT) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Inmarsat Plc (LON:ISAT) in a report released on Monday, June 19th. The brokerage currently has a GBX 1,245 ($16.13) price target on the stock.

Several other research analysts also recently commented on ISAT. Barclays PLC decreased their price objective on Inmarsat Plc from GBX 860 ($11.14) to GBX 660 ($8.55) and set an equal weight rating on the stock in a research note on Tuesday, February 21st. Macquarie raised Inmarsat Plc to an outperform rating and set a GBX 850 ($11.01) price objective on the stock in a research note on Thursday, February 23rd. Deutsche Bank AG reaffirmed a buy rating on shares of Inmarsat Plc in a research note on Friday, March 3rd. J P Morgan Chase & Co lifted their target price on Inmarsat Plc from GBX 830 ($10.75) to GBX 850 ($11.01) and gave the company a neutral rating in a research note on Thursday, March 9th. Finally, Beaufort Securities assumed coverage on Inmarsat Plc in a research note on Friday, March 10th. They set a hold rating and a GBX 785 ($10.17) target price on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 905.77 ($11.73).

Shares of Inmarsat Plc (LON ISAT) traded down 0.34% during midday trading on Monday, hitting GBX 737.00. 1,061,288 shares of the company’s stock traded hands. Inmarsat Plc has a 1-year low of GBX 594.50 and a 1-year high of GBX 889.00. The company has a 50 day moving average price of GBX 803.28 and a 200 day moving average price of GBX 756.39. The firm’s market capitalization is GBX 3.33 billion.

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In other Inmarsat Plc news, insider Tony Bates sold 15,155 shares of Inmarsat Plc stock in a transaction on Friday, June 9th. The stock was sold at an average price of GBX 813 ($10.53), for a total transaction of £123,210.15 ($159,598.64).

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.

Analyst Recommendations for Inmarsat Plc (LON:ISAT)

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