Inmarsat Plc (ISAT) Given New GBX 745 Price Target at Barclays PLC
Inmarsat Plc (LON:ISAT) had its price objective reduced by Barclays PLC from GBX 840 ($10.96) to GBX 745 ($9.72) in a research note issued to investors on Monday. Barclays PLC currently has an underweight rating on the stock.
Several other equities research analysts have also weighed in on the stock. Macquarie lowered their target price on shares of Inmarsat Plc from GBX 1,000 ($13.05) to GBX 800 ($10.44) and set a neutral rating on the stock in a report on Monday, September 26th. Goldman Sachs Group Inc. initiated coverage on shares of Inmarsat Plc in a research report on Wednesday, August 10th. They set a buy rating and a GBX 1,090 ($14.23) price target on the stock. Haitong Bank downgraded shares of Inmarsat Plc to a neutral rating and set a GBX 880 ($11.49) price target on the stock. in a research report on Tuesday, August 9th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,060 ($13.84) price target on shares of Inmarsat Plc in a research report on Thursday, August 4th. Finally, Jefferies Group reiterated a buy rating and set a GBX 1,245 ($16.25) price target on shares of Inmarsat Plc in a research report on Sunday, August 7th. Two 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 stock. Inmarsat Plc currently has a consensus rating of Hold and an average target price of GBX 999.40 ($13.05).
Inmarsat Plc (LON:ISAT) traded up 3.39% on Monday, hitting GBX 733.00. 1,491,011 shares of the stock traded hands. Inmarsat Plc has a 12-month low of GBX 663.50 and a 12-month high of GBX 1,153.00. The stock’s market capitalization is GBX 3.29 billion. The company’s 50 day moving average price is GBX 761.25 and its 200-day moving average price is GBX 814.07.
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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