Inmarsat Plc (ISAT) Price Target Cut to GBX 745
Inmarsat Plc (LON:ISAT) had its price target cut by Barclays PLC from GBX 840 ($10.96) to GBX 745 ($9.72) in a research report issued on Monday. The brokerage presently has an “underweight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 2.05% from the stock’s current price.
A number of other brokerages also recently issued reports on ISAT. Jefferies Group reiterated a “buy” rating and set a GBX 1,245 ($16.25) price objective on shares of Inmarsat Plc in a research note on Tuesday, June 14th. Royal Bank Of Canada increased their price objective on shares of Inmarsat Plc from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) and gave the stock an “outperform” rating in a research note on Friday, August 5th. HSBC increased their price objective on shares of Inmarsat Plc from GBX 890 ($11.62) to GBX 940 ($12.27) and gave the stock a “hold” rating in a research note on Friday, August 5th. Macquarie increased their price objective on shares of Inmarsat Plc from GBX 975 ($12.73) to GBX 1,000 ($13.05) and gave the stock a “neutral” rating in a research note on Friday, August 5th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 1,060 ($13.84) price objective on shares of Inmarsat Plc in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 999.40 ($13.05).
Inmarsat Plc (LON:ISAT) opened at 719.50 on Monday. Inmarsat Plc has a 1-year low of GBX 663.50 and a 1-year high of GBX 1,153.00. The company has a 50-day moving average of GBX 759.12 and a 200-day moving average of GBX 812.80. The firm’s market capitalization is GBX 3.23 billion.
About Inmarsat Plc
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.
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