Breaking: Inmarsat PLC (LON:ISAT) Sell Rating Reemphasized by Berenberg Today; The PT Given is GBX 870.00

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Inmarsat PLC (LON:ISAT) Rating Reaffirmed

Inmarsat PLC (LON:ISAT) just had their share rating of a ‘Sell’ issued by research analysts at Berenberg, who now has a GBX 870.00 target price on the 5.07 billion GBP market cap company or a -22.53% downside potential. This key information was revealed to investors in a recent report on 8 December.

From a total of 12 analysts covering Inmarsat (LON:ISAT) stock, 6 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is GBX 22.71 while the lowest target price is GBX 10.45. The mean of all analyst targets is GBX 15.68 with a -13.93% below today’s (GBX 1123.02) stock price. Inmarsat was the topic of 33 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on December 4 to “Neutral” rating. Nomura maintained shares with “Neutral” rating and GBX 900 target share price in a report from a November 9. HSBC maintained ISAT stock in a recent report from November 27 with “Hold” rating. Morgan Stanley maintained the rating on November 6. Morgan Stanley has a “Overwt/Attractive” rating and a GBX 1080 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 9.

The stock increased 1.26% or GBX 14.02 on December 7, striking GBX 1123.02. Approximately 1.25 million shares of stock traded hands or 8.70% up from the average. Inmarsat Plc (LON:ISAT) has risen 10.64% since May 11, 2015 and is uptrending. It has outperformed by 11.72% the S&P500.

Breaking: Inmarsat PLC (LON:ISAT) Sell Rating Reemphasized by Berenberg Today; The PT Given is GBX 870.00

Inmarsat plc is a United Kingdom-based well-known provider of global mobile satellite communications services. The company has a market cap of 5.07 billion GBP. On land, at sea and in the air, the Company serves government, commercial and NGO customers, providing broadband data and voice connectivity services. It has 24.79 P/E ratio. Through the Company’s satellites, users can send data or make voice calls, while outside the coverage of any terrestrial network.

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