JPMorgan Chase & Co. Cuts Inmarsat Plc (ISAT) Price Target to GBX 950
Inmarsat Plc (LON:ISAT) had its target price lowered by analysts at JPMorgan Chase & Co. from GBX 1,050 ($13.00) to GBX 950 ($11.76) in a research report issued on Thursday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 34.09% from the stock’s previous close.
ISAT has been the topic of several other reports. Jefferies Group restated a “buy” rating and set a GBX 1,245 ($15.41) target price on shares of Inmarsat Plc in a report on Monday. Goldman Sachs Group Inc. assumed coverage on Inmarsat Plc in a research note on Wednesday, August 10th. They issued a “buy” rating and a GBX 1,090 ($13.49) price objective on the stock. Citigroup Inc. upgraded Inmarsat Plc to a “buy” rating and lifted their price objective for the stock from GBX 880 ($10.89) to GBX 900 ($11.14) in a research note on Monday, June 20th. Macquarie reiterated a “neutral” rating and issued a GBX 800 ($9.90) price objective on shares of Inmarsat Plc in a research note on Monday. Finally, Haitong Bank lowered Inmarsat Plc to a “neutral” rating and set a GBX 880 ($10.89) price objective on the stock. in a research note on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 992.73 ($12.29).
Shares of Inmarsat Plc (LON:ISAT) traded down 1.06% during mid-day trading on Thursday, hitting GBX 701.00. The stock had a trading volume of 975,768 shares. The stock’s market cap is GBX 3.15 billion. 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 one year low of GBX 663.50 and a one year high of GBX 1,153.00.
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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