Equities researchers at Goldman Sachs Group Inc. initiated coverage on shares of Inmarsat PLC (LON:ISA) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage set a "buy" rating and a GBX 1,090 ($14.39) price target on the stock. Goldman Sachs Group Inc's price target points to a potential upside of 28.99% from the stock's previous close.
Inmarsat Plc (LON:ISAT) opened at 850.00 on Wednesday, MarketBeat.com reports. The stock's market cap is GBX 3.82 billion. The stock has a 50 day moving average price of GBX 785.05 and a 200 day moving average price of GBX 874.33. Inmarsat Plc has a 52 week low of GBX 664.00 and a 52 week high of GBX 1,153.00.
Other analysts have also recently issued research reports about the company. Jefferies Group reaffirmed a "buy" rating and issued a GBX 1,245 ($16.44) target price on shares of Inmarsat Plc in a research report on Tuesday, June 14th. Haitong Bank cut Inmarsat Plc to a "neutral" rating and set a GBX 880 ($11.62) target price for the company. in a research report on Tuesday, MarketBeat.com reports. HSBC raised their target price on Inmarsat Plc from GBX 890 ($11.75) to GBX 940 ($12.41) and gave the stock a "hold" rating in a research report on Friday, August 5th. Credit Suisse Group AG reaffirmed an "outperform" rating and issued a GBX 1,060 ($14.00) target price on shares of Inmarsat Plc in a research report on Thursday, August 4th. Finally, Barclays PLC lifted their price objective on Inmarsat Plc from GBX 790 ($10.43) to GBX 840 ($11.09) and gave the company an "underweight" rating in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, seven 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 price target of GBX 996 ($13.15).
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.