Inmarsat (LON:ISAT) had its target price lifted by research analysts at Societe Generale from GBX 440 ($5.75) to GBX 460 ($6.01) in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the stock. Societe Generale’s price objective suggests a potential upside of 4.07% from the company’s previous close.
A number of other analysts have also issued reports on ISAT. Numis Securities reissued a “hold” rating and issued a GBX 390 ($5.10) target price on shares of Inmarsat in a research report on Monday, November 12th. Barclays boosted their target price on Inmarsat from GBX 465 ($6.08) to GBX 480 ($6.27) and gave the company an “equal weight” rating in a research report on Wednesday, November 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 625 ($8.17) target price on shares of Inmarsat in a research report on Wednesday, December 5th. Deutsche Bank reissued a “buy” rating on shares of Inmarsat in a research report on Thursday, January 17th. Finally, HSBC cut their target price on Inmarsat from GBX 500 ($6.53) to GBX 420 ($5.49) and set a “hold” rating on the stock in a research report 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 given a buy rating to the company’s stock. Inmarsat presently has an average rating of “Hold” and a consensus target price of GBX 500 ($6.53).
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Shares of LON ISAT opened at GBX 442 ($5.78) on Monday. The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of 16.37. The company has a debt-to-equity ratio of 189.67, a quick ratio of 0.76 and a current ratio of 0.82. Inmarsat has a 52-week low of GBX 334.30 ($4.37) and a 52-week high of GBX 646 ($8.44).
In other Inmarsat news, insider Rupert Pearce sold 49,709 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 429 ($5.61), for a total value of £213,251.61 ($278,651.00).
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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