JPMorgan Chase & Co. Cuts Inmarsat Plc (ISAT) Price Target to GBX 950
Inmarsat Plc (LON:ISAT) had its price objective decreased by JPMorgan Chase & Co. from GBX 1,050 ($12.80) to GBX 950 ($11.58) in a research report sent to investors on Thursday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other equities analysts have also recently issued reports on ISAT. Jefferies Group reaffirmed a buy rating and issued a GBX 1,245 ($15.17) price objective on shares of Inmarsat Plc in a research note on Monday, August 1st. Macquarie lifted their target price on shares of Inmarsat Plc from GBX 975 ($11.88) to GBX 1,000 ($12.19) and gave the stock a neutral rating in a research report on Friday, August 5th. Royal Bank Of Canada lifted their target price on shares of Inmarsat Plc from GBX 1,100 ($13.41) to GBX 1,150 ($14.02) and gave the stock an outperform rating in a research report on Friday, August 5th. HSBC lifted their target price on shares of Inmarsat Plc from GBX 890 ($10.85) to GBX 940 ($11.46) and gave the stock a hold rating in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reissued an outperform rating and issued a GBX 1,060 ($12.92) target price on shares of Inmarsat Plc in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 992.73 ($12.10).
Inmarsat Plc (LON:ISAT) opened at 700.00 on Thursday. The stock’s market cap is GBX 3.15 billion. The stock has a 50 day moving average of GBX 729.05 and a 200-day moving average of GBX 797.33. Inmarsat Plc has a 52 week low of GBX 663.50 and a 52 week high of GBX 1,153.00.
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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