A number of other analysts also recently commented on the stock. Barclays PLC restated an underweight rating and set a GBX 840 ($10.40) price target on shares of Inmarsat Plc in a research report on Wednesday, August 31st. Macquarie dropped their price target on shares of Inmarsat Plc from GBX 1,000 ($12.38) to GBX 800 ($9.90) and set a neutral rating on the stock in a research report on Monday, September 26th. Citigroup Inc. upgraded shares of Inmarsat Plc to a buy rating and boosted their price target for the stock from GBX 880 ($10.89) to GBX 900 ($11.14) in a research report on Monday, June 20th. Haitong Bank downgraded shares of Inmarsat Plc to a neutral rating and set a GBX 880 ($10.89) price target on the stock. in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. started coverage on shares of Inmarsat Plc in a research report on Wednesday, August 10th. They set a buy rating and a GBX 1,090 ($13.49) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 999.40 ($12.37).
Inmarsat Plc (LON:ISAT) opened at 702.00 on Monday. The firm has a 50 day moving average of GBX 740.39 and a 200 day moving average of GBX 804.34. Inmarsat Plc has a 1-year low of GBX 663.50 and a 1-year high of GBX 1,153.00. The firm’s market cap is GBX 3.16 billion.
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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