Inmarsat Plc (LON:ISAT)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday, May 5th. They presently have a GBX 850 ($10.97) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 6.45% from the stock’s previous close.
A number of other equities analysts have also commented on ISAT. Berenberg Bank reduced their price target on shares of Inmarsat Plc from GBX 910 ($11.75) to GBX 740 ($9.55) and set a “hold” rating on the stock in a research report on Wednesday, January 11th. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,020 ($13.17) price target (down from GBX 1,030 ($13.30)) on shares of Inmarsat Plc in a research report on Monday, January 16th. Royal Bank of Canada lowered shares of Inmarsat Plc to a “sector perform” rating and reduced their price target for the company from GBX 1,150 ($14.84) to GBX 775 ($10.00) in a research report on Wednesday, January 25th. HSBC Holdings plc reduced their price target on shares of Inmarsat Plc from GBX 850 ($10.97) to GBX 650 ($8.39) and set a “hold” rating on the stock in a research report on Monday, January 30th. Finally, Barclays PLC reduced their price target on shares of Inmarsat Plc from GBX 860 ($11.10) to GBX 660 ($8.52) and set an “equal weight” rating on the stock in a research report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Inmarsat Plc currently has an average rating of “Hold” and a consensus target price of GBX 891.54 ($11.51).
The firm also recently declared a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 20th will be paid a dividend of €0.33 ($0.37) per share. This represents a dividend yield of 3.69%. This is an increase from Inmarsat Plc’s previous dividend of $0.30. The ex-dividend date is Thursday, April 20th.
WARNING: “Inmarsat Plc (ISAT) Given “Neutral” Rating at JPMorgan Chase & Co.” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.themarketsdaily.com/2017/05/20/jpmorgan-chase-co-reaffirms-neutral-rating-for-inmarsat-plc-isat-updated.html.
In related news, insider Andrew (Andy) Sukawaty sold 52,963 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of GBX 750 ($9.68), for a total transaction of £397,222.50 ($512,743.64).
Inmarsat Plc Company Profile
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.
Receive News & Ratings for Inmarsat Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat Plc and related companies with MarketBeat.com's FREE daily email newsletter.