Inmarsat Plc (ISAT) PT Lowered to GBX 600
Inmarsat Plc (LON:ISAT) had its target price lowered by research analysts at Berenberg Bank from GBX 640 ($8.42) to GBX 600 ($7.89) in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 21.56% from the company’s current price.
Several other research analysts have also weighed in on ISAT. lowered their target price on shares of Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.92) and set a “hold” rating for the company in a research note on Friday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,020 ($13.42) target price on shares of Inmarsat Plc in a research note on Monday, July 24th. J P Morgan Chase & Co increased their target price on shares of Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the stock a “neutral” rating in a research note on Friday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 890 ($11.71) target price on shares of Inmarsat Plc in a research note on Friday, August 11th. Finally, Numis Securities Ltd initiated coverage on shares of Inmarsat Plc in a research note on Tuesday, September 5th. They set a “sell” rating and a GBX 480 ($6.31) target price for the company. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Inmarsat Plc presently has a consensus rating of “Hold” and an average price target of GBX 731.67 ($9.62).
Shares of Inmarsat Plc (LON:ISAT) traded down GBX 1.62 ($0.02) on Wednesday, hitting GBX 493.58 ($6.49). 4,530,000 shares of the company were exchanged, compared to its average volume of 2,750,000. Inmarsat Plc has a 12-month low of GBX 487.60 ($6.41) and a 12-month high of GBX 865 ($11.38).
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In other news, insider Simon Bax bought 2,500 shares of Inmarsat Plc stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of GBX 646 ($8.50) per share, with a total value of £16,150 ($21,241.62). Also, insider Rupert Pearce bought 19,260 shares of Inmarsat Plc stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of GBX 519 ($6.83) per share, for a total transaction of £99,959.40 ($131,473.63).
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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