Other analysts also recently issued reports about the stock. Jefferies Group restated a buy rating and issued a GBX 1,245 ($15.41) target price on shares of Inmarsat Plc in a report on Tuesday, June 14th. HSBC boosted their target price on shares of Inmarsat Plc from GBX 890 ($11.01) to GBX 940 ($11.63) and gave the stock a hold rating in a report on Friday, August 5th. Credit Suisse Group AG restated an outperform rating and issued a GBX 1,060 ($13.12) target price on shares of Inmarsat Plc in a report on Thursday, August 4th. Haitong Bank downgraded shares of Inmarsat Plc to a neutral rating and set a GBX 880 ($10.89) target price on the stock. in a report on Tuesday, August 9th. Finally, Citigroup Inc. upgraded shares of Inmarsat Plc to a buy rating and boosted their target price for the stock from GBX 880 ($10.89) to GBX 900 ($11.14) in a report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 999.40 ($12.37).
Shares of Inmarsat Plc (LON:ISAT) opened at 725.00 on Monday. The firm has a 50-day moving average of GBX 743.96 and a 200 day moving average of GBX 806.49. Inmarsat Plc has a one year low of GBX 663.50 and a one year high of GBX 1,153.00. The stock’s market capitalization is GBX 3.26 billion.
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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