Inmarsat Plc (LON:ISAT) had its target price reduced by research analysts at Barclays PLC from GBX 840 ($10.96) to GBX 745 ($9.72) in a research note issued on Monday. The firm currently has an “underweight” rating on the stock. Barclays PLC’s price objective would indicate a potential upside of 5.81% from the stock’s previous close.
Several other research firms have also recently commented on ISAT. Jefferies Group reiterated a “buy” rating and set a GBX 1,245 ($16.25) price target on shares of Inmarsat Plc in a report on Sunday, August 7th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,060 ($13.84) target price on shares of Inmarsat Plc in a report on Thursday, August 4th. Haitong Bank cut shares of Inmarsat Plc to a “neutral” rating and set a GBX 880 ($11.49) target price for the company. in a report on Tuesday, August 9th. Goldman Sachs Group Inc. assumed coverage on shares of Inmarsat Plc in a report on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($14.23) target price for the company. Finally, Macquarie upped their target price on shares of Inmarsat Plc from GBX 975 ($12.73) to GBX 1,000 ($13.05) and gave the company a “neutral” rating in a report on Friday, August 5th. Two 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 currently has an average rating of “Hold” and an average target price of GBX 999.40 ($13.05).
Inmarsat Plc (LON:ISAT) opened at 704.0847 on Monday. The stock’s market cap is GBX 3.16 billion. The firm has a 50-day moving average of GBX 768.31 and a 200-day moving average of GBX 817.11. Inmarsat Plc has a 12-month low of GBX 663.50 and a 12-month high of GBX 1,153.00.
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.