Inmarsat Plc (LON:ISAT) had its price target decreased by JPMorgan Chase & Co. from GBX 1,050 ($12.80) to GBX 950 ($11.58) in a research note released on Thursday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other brokerages have also recently weighed in on ISAT. Jefferies Group restated a buy rating and issued a GBX 1,245 ($15.17) price objective on shares of Inmarsat Plc in a research note on Wednesday, July 13th. Royal Bank Of Canada boosted their price objective on shares of Inmarsat Plc from GBX 1,100 ($13.41) to GBX 1,150 ($14.02) and gave the stock an outperform rating in a research note on Friday, August 5th. Barclays PLC reduced their price objective on shares of Inmarsat Plc from GBX 840 ($10.24) to GBX 745 ($9.08) and set an underweight rating for the company in a research note on Monday, October 3rd. HSBC boosted their price objective on shares of Inmarsat Plc from GBX 890 ($10.85) to GBX 940 ($11.46) and gave the stock a hold rating in a research note on Friday, August 5th. Finally, Macquarie boosted their price objective on shares of Inmarsat Plc from GBX 975 ($11.88) to GBX 1,000 ($12.19) and gave the stock a neutral rating in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 992.73 ($12.10).
Inmarsat Plc (LON:ISAT) opened at 700.50 on Thursday. The company’s market capitalization is GBX 3.15 billion. Inmarsat Plc has a 52-week low of GBX 663.50 and a 52-week high of GBX 1,153.00. The stock has a 50 day moving average of GBX 729.78 and a 200-day moving average of GBX 799.29.
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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