Numis Securities reissued their sell rating on shares of Inmarsat (LON:ISAT) in a research report report published on Monday.
A number of other brokerages have also recently commented on ISAT. Deutsche Bank upped their target price on shares of Inmarsat from GBX 575 ($7.34) to GBX 580 ($7.40) and gave the company a buy rating in a report on Friday, August 3rd. Barclays upped their target price on shares of Inmarsat from GBX 460 ($5.87) to GBX 465 ($5.93) and gave the company an equal weight rating in a report on Friday, August 3rd. Morgan Stanley upped their target price on shares of Inmarsat from GBX 490 ($6.25) to GBX 560 ($7.14) and gave the company an equal weight rating in a report on Wednesday, August 8th. Societe Generale raised shares of Inmarsat to a hold rating and upped their target price for the company from GBX 385 ($4.91) to GBX 560 ($7.14) in a report on Thursday, August 9th. Finally, Goldman Sachs Group upped their price target on shares of Inmarsat from GBX 480 ($6.12) to GBX 500 ($6.38) and gave the stock a neutral rating in a research report on Thursday, August 9th. 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 currently has a consensus rating of Hold and an average target price of GBX 570.88 ($7.28).
Shares of ISAT stock opened at GBX 567.80 ($7.24) on Monday. Inmarsat has a 12 month low of GBX 381.20 ($4.86) and a 12 month high of GBX 865 ($11.03).
The company also recently declared a dividend, which will be paid on Friday, October 19th. Shareholders of record on Thursday, September 13th will be given a $0.08 dividend. The ex-dividend date is Thursday, September 13th. This represents a dividend yield of 1.11%.
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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