Trading Report: The Inmarsat Plc’s (ISAT) Outperform Rating Reiterate at Credit Suisse Group AG

The Inmarsat Plc’s (ISAT) Outperform Rating Reiterate at Credit Suisse Group AG

Credit Suisse Group AG restated their outperform rating on shares of Inmarsat Plc (LON:ISAT) in a research note issued to investors on Wednesday morning. They currently have a GBX 940 ($11.46) target price on the stock, down from their prior target price of GBX 1,060 ($12.92).

ISAT has been the subject of several other reports. Barclays PLC restated an underweight rating and set a GBX 840 ($10.24) target price on shares of Inmarsat Plc in a research note on Wednesday, August 31st. Jefferies Group reiterated a buy rating and issued a GBX 1,245 ($15.17) price target on shares of Inmarsat Plc in a research note on Monday, October 10th. Macquarie dropped their price target on Inmarsat Plc from GBX 1,000 ($12.19) to GBX 800 ($9.75) and set a neutral rating for the company in a research note on Monday, September 26th. HSBC dropped their price target on Inmarsat Plc from GBX 940 ($11.46) to GBX 790 ($9.63) and set a hold rating for the company in a research note on Thursday, October 20th. Finally, Royal Bank Of Canada increased their price target on Inmarsat Plc from GBX 1,100 ($13.41) to GBX 1,150 ($14.02) and gave the company an outperform rating in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 974.73 ($11.88).

Inmarsat Plc (LON:ISAT) opened at 711.00 on Wednesday. Inmarsat Plc has a 12-month low of GBX 663.50 and a 12-month high of GBX 1,153.00. The firm’s 50-day moving average price is GBX 711.31 and its 200 day moving average price is GBX 783.78. The company’s market capitalization is GBX 3.20 billion.

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