BNP Paribas Cuts Inmarsat (ISAT) Price Target to GBX 400

Inmarsat (LON:ISAT) had its price objective lowered by stock analysts at BNP Paribas from GBX 610 ($8.56) to GBX 400 ($5.61) in a research report issued to clients and investors on Thursday. The brokerage presently has an “underperform” rating on the stock. BNP Paribas’ price objective would indicate a potential upside of 12.39% from the stock’s current price.

ISAT has been the subject of a number of other research reports. Beaufort Securities reiterated a “hold” rating and set a GBX 475 ($6.67) price objective on shares of Inmarsat in a research report on Thursday, December 14th. Morgan Stanley reduced their price objective on Inmarsat from GBX 550 ($7.72) to GBX 500 ($7.02) and set an “equal weight” rating for the company in a research report on Tuesday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 825 ($11.58) price objective on shares of Inmarsat in a research report on Friday, January 12th. Citigroup reduced their price objective on Inmarsat from GBX 530 ($7.44) to GBX 430 ($6.04) and set a “neutral” rating for the company in a research report on Thursday, March 15th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 810 ($11.37) price objective on shares of Inmarsat in a research report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 580.28 ($8.15).

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Inmarsat stock opened at GBX 355.90 ($5.00) on Thursday. Inmarsat has a one year low of GBX 381.20 ($5.35) and a one year high of GBX 865 ($12.14).

In other Inmarsat news, insider Tony Bates sold 13,684 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of GBX 349 ($4.90), for a total value of £47,757.16 ($67,037.00).

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Inmarsat 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.

Analyst Recommendations for Inmarsat (LON:ISAT)

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