Morgan Stanley Cuts Inmarsat Plc (ISAT) Price Target to GBX 620
Inmarsat Plc (LON:ISAT) had its price target reduced by Morgan Stanley from GBX 760 ($10.00) to GBX 620 ($8.15) in a report issued on Tuesday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 23.51% from the stock’s current price.
Other research analysts have also issued reports about the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,010 ($13.28) target price on shares of Inmarsat Plc in a research report on Monday, September 18th. Barclays PLC cut their target price on Inmarsat Plc from GBX 755 ($9.93) to GBX 670 ($8.81) and set an “underweight” rating on the stock in a research report on Friday, September 15th. Berenberg Bank raised Inmarsat Plc to a “hold” rating and cut their target price for the stock from GBX 680 ($8.94) to GBX 640 ($8.42) in a research report on Thursday, November 2nd. J P Morgan Chase & Co cut their target price on Inmarsat Plc from GBX 740 ($9.73) to GBX 690 ($9.08) and set a “neutral” rating on the stock in a research report on Friday. Finally, HSBC Holdings plc cut their target price on Inmarsat Plc from GBX 820 ($10.79) to GBX 720 ($9.47) and set a “hold” rating on the stock in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Inmarsat Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 779.38 ($10.25).
Shares of Inmarsat Plc (LON ISAT) traded down GBX 14 ($0.18) during trading on Tuesday, hitting GBX 502 ($6.60). The company’s stock had a trading volume of 3,240,233 shares, compared to its average volume of 2,380,000. Inmarsat Plc has a one year low of GBX 497.70 ($6.55) and a one year high of GBX 865 ($11.38).
WARNING: “Morgan Stanley Cuts Inmarsat Plc (ISAT) Price Target to GBX 620” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/11/14/morgan-stanley-cuts-inmarsat-plc-isat-price-target-to-gbx-620.html.
In other Inmarsat Plc news, insider Simon Bax bought 2,500 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of GBX 646 ($8.50) per share, for a total transaction of £16,150 ($21,241.62). Also, insider Rupert Pearce bought 19,260 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of GBX 519 ($6.83) per share, with a total value of £99,959.40 ($131,473.63).
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.
Receive News & Ratings for Inmarsat Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat Plc and related companies with MarketBeat.com's FREE daily email newsletter.