Inmarsat Plc (LON:ISAT) had its price target reduced by equities researchers at Macquarie from GBX 1,000 ($13.05) to GBX 800 ($10.44) in a research report issued to clients and investors on Monday. The firm currently has a “neutral” rating on the stock. Macquarie’s price target points to a potential upside of 16.28% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Barclays PLC restated an “underweight” rating and issued a GBX 840 ($10.96) price objective on shares of Inmarsat Plc in a research note on Wednesday, August 31st. Goldman Sachs Group Inc. began coverage on shares of Inmarsat Plc in a research note on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($14.23) price objective for the company. Haitong Bank cut shares of Inmarsat Plc to a “neutral” rating and set a GBX 880 ($11.49) price objective for the company. in a research note on Tuesday, August 9th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,060 ($13.84) price objective on shares of Inmarsat Plc in a research note on Thursday, August 4th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 1,245 ($16.25) price objective on shares of Inmarsat Plc in a research note on Sunday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Inmarsat Plc has an average rating of “Hold” and a consensus target price of GBX 1,005.73 ($13.13).
Shares of Inmarsat Plc (LON:ISAT) opened at 680.50 on Monday. The company’s 50-day moving average is GBX 780.67 and its 200 day moving average is GBX 820.51. The stock’s market cap is GBX 3.06 billion. Inmarsat Plc has a 1-year low of GBX 663.50 and a 1-year 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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