Inmarsat (LON:ISAT) had its price objective hoisted by Goldman Sachs Group from GBX 480 ($6.21) to GBX 500 ($6.47) in a report released on Thursday morning. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently commented on the stock. Societe Generale raised shares of Inmarsat to a hold rating and increased their price objective for the company from GBX 385 ($4.98) to GBX 560 ($7.25) in a report on Thursday. Morgan Stanley increased their price objective on shares of Inmarsat from GBX 490 ($6.34) to GBX 560 ($7.25) and gave the company an equal weight rating in a report on Wednesday, August 8th. Barclays increased their price objective on shares of Inmarsat from GBX 460 ($5.95) to GBX 465 ($6.02) and gave the company an equal weight rating in a report on Friday, August 3rd. Numis Securities downgraded shares of Inmarsat to a sell rating in a report on Friday, August 3rd. Finally, Deutsche Bank increased their price objective on shares of Inmarsat from GBX 575 ($7.44) to GBX 580 ($7.51) and gave the company a buy rating in a report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 570.88 ($7.39).
Inmarsat opened at GBX 559.71 ($7.25) on Thursday, according to Marketbeat Ratings. Inmarsat has a 52 week low of GBX 381.20 ($4.93) and a 52 week high of GBX 865 ($11.20).
The firm also recently declared a dividend, which will be paid on Friday, October 19th. Investors of record on Thursday, September 13th will be issued a $0.08 dividend. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, September 13th.
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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