Inmarsat Plc (ISAT) Receives Buy Rating from Deutsche Bank AG

Inmarsat Plc (LON:ISAT)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a report released on Wednesday. They presently have a GBX 1,010 ($13.28) price objective on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 56.59% from the stock’s current price.

A number of other analysts have also issued reports on the company. Jefferies Group LLC lowered their price target on Inmarsat Plc from GBX 1,245 ($16.37) to GBX 1,100 ($14.46) and set a “buy” rating for the company in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered their price target on Inmarsat Plc from GBX 960 ($12.62) to GBX 920 ($12.10) and set a “buy” rating for the company in a report on Friday, July 14th. HSBC Holdings plc lowered their price target on Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.91) and set a “hold” rating for the company in a report on Friday, July 21st. J P Morgan Chase & Co boosted their price target on Inmarsat Plc from GBX 840 ($11.04) to GBX 850 ($11.18) and gave the company a “neutral” rating in a report on Friday, August 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 890 ($11.70) price target on shares of Inmarsat Plc in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Inmarsat Plc presently has a consensus rating of “Hold” and an average target price of GBX 833.57 ($10.96).

Shares of Inmarsat Plc (LON ISAT) opened at 645.00 on Wednesday. The firm has a 50-day moving average price of GBX 665.74 and a 200 day moving average price of GBX 760.11. Inmarsat Plc has a 12-month low of GBX 594.50 and a 12-month high of GBX 865.00. The stock’s market cap is GBX 2.93 billion.

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A number of other analysts have also issued reports on the company. Jefferies Group LLC lowered their price target on Inmarsat Plc from GBX 1,245 ($16.37) to GBX 1,100 ($14.46) and set a “buy” rating for the company in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered their price target on Inmarsat Plc from GBX 960 ($12.62) to GBX 920 ($12.10) and set a “buy” rating for the company in a report on Friday, July 14th. HSBC Holdings plc lowered their price target on Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.91) and set a “hold” rating for the company in a report on Friday, July 21st. J P Morgan Chase & Co boosted their price target on Inmarsat Plc from GBX 840 ($11.04) to GBX 850 ($11.18) and gave the company a “neutral” rating in a report on Friday, August 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 890 ($11.70) price target on shares of Inmarsat Plc in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Inmarsat Plc presently has a consensus rating of “Hold” and an average target price of GBX 833.57 ($10.96).

Shares of Inmarsat Plc (LON ISAT) opened at 645.00 on Wednesday. The firm has a 50-day moving average price of GBX 665.74 and a 200 day moving average price of GBX 760.11. Inmarsat Plc has a 12-month low of GBX 594.50 and a 12-month high of GBX 865.00. The stock’s market cap is GBX 2.93 billion.

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In related news, insider Simon Bax bought 2,500 shares of the stock in a transaction on Friday, September 8th. The stock was bought at an average price of GBX 646 ($8.49) per share, for a total transaction of £16,150 ($21,233.24).

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.

Analyst Recommendations for Inmarsat Plc (LON:ISAT)

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