Numis Securities upgraded shares of Inmarsat (LON:ISAT) to a hold rating in a report released on Monday morning. They currently have GBX 450 ($6.22) target price on the stock, up from their previous target price of GBX 400 ($5.53).
ISAT has been the subject of several other research reports. Royal Bank of Canada reiterated an outperform rating and issued a GBX 825 ($11.40) price objective on shares of Inmarsat in a research report on Friday, January 12th. HSBC lowered their target price on Inmarsat from GBX 720 ($9.95) to GBX 570 ($7.88) and set a hold rating for the company in a research note on Wednesday, November 15th. Morgan Stanley lowered their target price on Inmarsat from GBX 620 ($8.57) to GBX 550 ($7.60) and set an equal weight rating for the company in a research note on Thursday, February 22nd. Credit Suisse Group reissued an outperform rating and issued a GBX 810 ($11.19) target price on shares of Inmarsat in a research note on Friday. Finally, Deutsche Bank reissued a buy rating and issued a GBX 850 ($11.74) target price on shares of Inmarsat in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 655 ($9.05).
Inmarsat (LON ISAT) opened at GBX 396.30 ($5.48) on Monday. Inmarsat has a 52-week low of GBX 392 ($5.42) and a 52-week high of GBX 865 ($11.95). The stock has a market capitalization of $1,810.00 and a price-to-earnings ratio of 1,366.55.
TRADEMARK VIOLATION WARNING: “Inmarsat (ISAT) Upgraded at Numis Securities” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3259245/inmarsat-isat-upgraded-at-numis-securities.html.
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.
Receive News & Ratings for Inmarsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat and related companies with MarketBeat.com's FREE daily email newsletter.