Goldman Sachs Group, Inc. (The) Lowers Inmarsat Plc (ISAT) Price Target to GBX 920
Inmarsat Plc (LON:ISAT) had its price target decreased by stock analysts at Goldman Sachs Group, Inc. (The) from GBX 960 ($12.54) to GBX 920 ($12.01) in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 21.05% from the company’s current price.
Several other research analysts also recently commented on the stock. Berenberg Bank reissued a “sell” rating and issued a GBX 710 ($9.27) price target on shares of Inmarsat Plc in a report on Tuesday, July 4th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,020 ($13.32) price objective on shares of Inmarsat Plc in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and set a GBX 1,245 ($16.26) price objective on shares of Inmarsat Plc in a research report on Monday, June 26th. Macquarie restated an “outperform” rating and set a GBX 900 ($11.75) price objective on shares of Inmarsat Plc in a research report on Thursday, June 22nd. Finally, Barclays PLC restated an “underweight” rating on shares of Inmarsat Plc in a research report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 880.36 ($11.50).
Inmarsat Plc (LON ISAT) opened at 760.00 on Friday. Inmarsat Plc has a 12 month low of GBX 594.50 and a 12 month high of GBX 889.00. The firm’s market capitalization is GBX 3.44 billion. The firm’s 50-day moving average is GBX 803.28 and its 200 day moving average is GBX 756.39.
In related news, insider Tony Bates sold 15,155 shares of Inmarsat Plc stock in a transaction on Friday, June 9th. The shares were sold at an average price of GBX 813 ($10.62), for a total value of £123,210.15 ($160,890.77).
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.
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