Trading Report: The Inmarsat Plc (ISAT) Earns Neutral Rating from Macquarie

The Inmarsat Plc (ISAT) Earns Neutral Rating from Macquarie

Macquarie reaffirmed their neutral rating on shares of Inmarsat Plc (LON:ISAT) in a research note published on Monday. The firm currently has a GBX 800 ($9.90) price target on the stock.

Several other brokerages have also commented on ISAT. Jefferies Group reissued a buy rating and set a GBX 1,245 ($15.41) price target on shares of Inmarsat Plc in a research note on Tuesday, June 14th. Citigroup Inc. raised Inmarsat Plc to a buy rating and boosted their price target for the stock from GBX 880 ($10.89) to GBX 900 ($11.14) in a research note on Monday, June 20th. Barclays PLC boosted their price target on Inmarsat Plc from GBX 730 ($9.03) to GBX 790 ($9.78) and gave the stock an underweight rating in a research note on Wednesday, July 13th. Royal Bank Of Canada boosted their price target on Inmarsat Plc from GBX 1,100 ($13.61) to GBX 1,150 ($14.23) and gave the stock an outperform rating in a research note on Friday, August 5th. Finally, HSBC boosted their price target on Inmarsat Plc from GBX 890 ($11.01) to GBX 940 ($11.63) and gave the stock a hold rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 992.73 ($12.29).

Inmarsat Plc (LON:ISAT) opened at 706.50 on Monday. The stock’s market capitalization is GBX 3.18 billion. Inmarsat Plc has a 12 month low of GBX 663.50 and a 12 month high of GBX 1,153.00. The company has a 50-day moving average price of GBX 737.15 and a 200 day moving average price of GBX 803.64.

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