Credit Suisse Group restated their outperform rating on shares of Inmarsat (LON:ISAT) in a research report sent to investors on Friday morning. Credit Suisse Group currently has a GBX 810 ($11.19) price objective on the stock.
A number of other analysts also recently issued reports on ISAT. Jefferies Group reaffirmed a buy rating and issued a GBX 1,100 ($15.20) target price on shares of Inmarsat in a research note on Friday, November 10th. JPMorgan Chase & Co. lowered their price target on Inmarsat from GBX 740 ($10.22) to GBX 690 ($9.53) and set a neutral rating for the company in a report on Friday, November 10th. Morgan Stanley lowered their price target on Inmarsat from GBX 760 ($10.50) to GBX 620 ($8.57) and set an equal weight rating for the company in a report on Tuesday, November 14th. Berenberg Bank lowered their price target on Inmarsat from GBX 640 ($8.84) to GBX 600 ($8.29) and set a hold rating for the company in a report on Wednesday, November 15th. Finally, HSBC lowered their price target on Inmarsat from GBX 720 ($9.95) to GBX 570 ($7.88) and set a hold rating for the company in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 657.78 ($9.09).
Shares of Inmarsat (LON:ISAT) opened at GBX 409.70 ($5.66) on Friday. Inmarsat has a 52 week low of GBX 408 ($5.64) and a 52 week high of GBX 865 ($11.95). The stock has a market capitalization of $1,880.00 and a price-to-earnings ratio of 1,412.76.
Inmarsat Company Profile
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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