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Inmarsat (LON: ISAT) had its price target increased by Berenberg Bank from GBX 440 ($ 5.82) to GBX 460 ($ 6.09) in a report published on Wednesday July 11, 2009. The firm currently has a security clearance on the title.
Other equity research badysts also published research reports on the company. Barclays reiterated an equal weighting and issued a target price of GBX 410 ($ 5.43) on Inmarsat shares in a research note on Thursday, March 29, 2005. Morgan Stanley lowered its Inmarsat target price of GBX 550 ($ 7.28) to GBX 500 ($ 6.62) and establishes an equal weighting for the company in a research note on Tuesday, March 13, 2006. Numis Securities re-evaluated its rating and set a GBX 450 price target (5 , $ 96) from Inmarsat in a research note on Thursday, May 3. BC lowered its price target on Inmarsat from GBX 430 ($ 5.69) to GBX 365 ($ 4.83) and set a security rating for the company in a research note on Wednesday, April 25. Two equity research badysts rated the stock with a sales note, eleven badigned a blocking rating and four issued a buy note to the company. Inmarsat currently has a consensus rating of Hold and an average price target of GBX 569.12 ($ 7.53).
LON: ISAT traded GBX 4.80 ($ 0.06) on Wednesday, hitting GBX 554.20 ($ 7.34). 2,420,288 shares were exchanged for an average volume of 2,850,000 shares. Inmarsat has a 52-week low of GBX 381.20 ($ 5.05) and a 52-week high of GBX 865 ($ 11.45).
Company Profile Inmarsat
Inmarsat plc provides mobile satellite communications services on land, at sea and in the air throughout the world. The company operates through five segments: Maritime, US Government, Corporate, Aviation and Global Government. It offers broadband voice and data services; global maritime distress and safety systems services; mobile and fixed voice services; a portfolio of machine-to-machine services offering bidirectional data connectivity for messaging, tracking and monitoring of fixed and mobile badets; maritime satellite services, including very small aperture terminals and antenna television services only; and Global Xpress, a broadband broadband service offering seamless connectivity for advanced data services on land, at sea and in the air.
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