Inmarsat (LON:ISAT) had its target price increased by Societe Generale from GBX 440 ($5.75) to GBX 460 ($6.01) in a research report released on Monday morning. The brokerage currently has a hold rating on the stock.
Several other analysts have also recently weighed in on ISAT. Berenberg Bank upped their price objective on shares of Inmarsat from GBX 465 ($6.08) to GBX 470 ($6.14) and gave the stock a hold rating in a research note on Friday, March 8th. Numis Securities reaffirmed a hold rating and set a GBX 390 ($5.10) price objective on shares of Inmarsat in a research note on Monday, March 4th. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 625 ($8.17) price objective on shares of Inmarsat in a research note on Wednesday, December 5th. Deutsche Bank reaffirmed a buy rating on shares of Inmarsat in a research note on Friday, March 8th. Finally, HSBC decreased their price objective on shares of Inmarsat from GBX 500 ($6.53) to GBX 420 ($5.49) and set a hold rating on the stock in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Inmarsat has an average rating of Hold and a consensus price target of GBX 500 ($6.53).
Shares of Inmarsat stock opened at GBX 444.50 ($5.81) on Monday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 189.67. The stock has a market cap of $2.06 billion and a price-to-earnings ratio of 16.46. Inmarsat has a 1-year low of GBX 334.30 ($4.37) and a 1-year high of GBX 646 ($8.44).
In other news, insider Rupert Pearce sold 49,709 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 429 ($5.61), for a total transaction of £213,251.61 ($278,651.00).
Inmarsat Company Profile
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
Recommended Story: Benefits of owning preferred stock
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.