Inmarsat (LON:ISAT)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank in a research report issued to clients and investors on Monday.
A number of other research analysts have also recently weighed in on the company. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 810 ($11.19) target price on shares of Inmarsat in a report on Friday, January 26th. Numis Securities reiterated a “sell” rating and issued a GBX 400 ($5.53) target price on shares of Inmarsat in a report on Wednesday, November 22nd. Goldman Sachs Group cut Inmarsat to a “neutral” rating and reduced their target price for the company from GBX 860 ($11.88) to GBX 580 ($8.01) in a report on Monday, December 11th. Barclays upgraded Inmarsat to an “equal weight” rating and reduced their target price for the company from GBX 695 ($9.60) to GBX 600 ($8.29) in a report on Friday, November 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 825 ($11.40) target price on shares of Inmarsat in a report on Friday, January 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 655 ($9.05).
Inmarsat (ISAT) opened at GBX 432.70 ($5.98) on Monday. Inmarsat has a fifty-two week low of GBX 418.70 ($5.78) and a fifty-two week high of GBX 865 ($11.95). The firm has a market capitalization of $1,980.00 and a price-to-earnings ratio of 1,272.65.
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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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