J P Morgan Chase & Co Increases Inmarsat Plc (ISAT) Price Target to GBX 850
Inmarsat Plc (LON:ISAT) had its price objective raised by J P Morgan Chase & Co from GBX 840 ($11.08) to GBX 850 ($11.21) in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 11.99% from the stock’s previous close.
Several other equities analysts have also commented on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,020 ($13.45) target price on shares of Inmarsat Plc in a report on Monday, July 24th. HSBC Holdings plc lowered their target price on Inmarsat Plc from GBX 850 ($11.21) to GBX 830 ($10.95) and set a “hold” rating for the company in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered their target price on Inmarsat Plc from GBX 960 ($12.66) to GBX 920 ($12.14) and set a “buy” rating for the company in a report on Friday, July 14th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 710 ($9.37) target price on shares of Inmarsat Plc in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 1,245 ($16.42) target price on shares of Inmarsat Plc in a report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 878.93 ($11.59).
Shares of Inmarsat Plc (LON:ISAT) opened at 759.00 on Friday. The company’s 50-day moving average price is GBX 774.00 and its 200-day moving average price is GBX 759.04. The company’s market cap is GBX 3.43 billion. Inmarsat Plc has a 12 month low of GBX 594.50 and a 12 month high of GBX 889.00.
In other news, insider Tony Bates sold 15,155 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of GBX 813 ($10.72), for a total transaction of £123,210.15 ($162,524.93).
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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