Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a note issued to investors on Wednesday. They presently have a GBX 1,010 ($13.28) price target on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 56.11% from the company’s current price.
Several other brokerages also recently issued reports on ISAT. Macquarie reiterated an “outperform” rating and set a GBX 900 ($11.83) price target on shares of Inmarsat Plc in a research report on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and set a GBX 1,245 ($16.37) price target on shares of Inmarsat Plc in a research report on Monday, June 19th. HSBC Holdings plc reduced their price target on shares of Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.91) and set a “hold” rating on the stock in a research report on Friday, July 21st. J P Morgan Chase & Co upped their price target on shares of Inmarsat Plc from GBX 840 ($11.04) to GBX 850 ($11.18) and gave the stock a “neutral” rating in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reduced their price target on shares of Inmarsat Plc from GBX 960 ($12.62) to GBX 920 ($12.10) and set a “buy” rating on the stock in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 833.57 ($10.96).
In other Inmarsat Plc news, insider Simon Bax bought 3,250 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 742 ($9.76) per share, for a total transaction of £24,115 ($31,705.23).
About Inmarsat Plc
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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