Inmarsat (LON:ISAT) Rating Reaffirmed
They currently have a GBX 1100 target on Inmarsat (LON:ISAT). The target price by HSBC would suggest a potential upside of 0.64% from the company’s price per share. This has been revealed to clients and investors in recent note on Friday morning.
From a total of 13 analysts covering Inmarsat (LON:ISAT) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 5 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is GBX 1150 while the lowest target price is GBX 650. The mean of all analyst targets is GBX 966.46 with a -12.34% below today’s (GBX 1102.5) stock price. Inmarsat was the topic of 31 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on November 27 with “Hold” rating. Nomura maintained shares with “Neutral” rating and GBX 900 target share price in a report from a November 9. Citigroup maintained ISAT stock in a recent report from November 16 with “Buy” 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 1.33% or GBX 14.5 on November 27, striking GBX 1102.5. Approximately 830,545 shares of stock traded hands. Inmarsat Plc (LON:ISAT) has risen 10.86% since May 1, 2015 and is uptrending. It has outperformed by 11.75% the S&P500.
Inmarsat plc is a United Kingdom-based well-known provider of global mobile satellite communications services. The company has a market cap of 4.98 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 24.27 P/E ratio. Through the Company’s satellites, users can send data or make voice calls, while outside the coverage of any terrestrial network.