Inmarsat Plc (ISAT) Receives GBX 575.71 Average Price Target from Analysts

Shares of Inmarsat Plc (LON:ISAT) have received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 575.71 ($7.62).

Several brokerages recently commented on ISAT. Deutsche Bank restated a “buy” rating on shares of Inmarsat in a report on Friday, July 13th. Berenberg Bank increased their target price on shares of Inmarsat from GBX 440 ($5.82) to GBX 460 ($6.09) and gave the stock a “hold” rating in a report on Wednesday, July 11th. Credit Suisse Group restated an “outperform” rating on shares of Inmarsat in a report on Thursday, July 12th. Barclays increased their target price on shares of Inmarsat from GBX 420 ($5.56) to GBX 460 ($6.09) and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Finally, Numis Securities restated a “hold” rating on shares of Inmarsat in a report on Monday, July 9th.

Shares of Inmarsat stock traded up GBX 4.80 ($0.06) on Friday, hitting GBX 554.20 ($7.34). The company had a trading volume of 2,420,288 shares, compared to its average volume of 2,850,000. Inmarsat has a twelve month low of GBX 381.20 ($5.05) and a twelve month high of GBX 865 ($11.45).

About Inmarsat

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.

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Analyst Recommendations for Inmarsat (LON:ISAT)

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