Inmarsat Plc (ISAT) Given New GBX 745 Price Target at Barclays PLC

Inmarsat Plc (LON:ISAT) had its price target lowered by Barclays PLC from GBX 840 ($10.96) to GBX 745 ($9.72) in a report released on Monday. The brokerage currently has an underweight rating on the stock.

Several other equities research analysts also recently commented on ISAT. Jefferies Group restated a buy rating and set a GBX 1,245 ($16.25) price objective on shares of Inmarsat Plc in a report on Tuesday, June 14th. Royal Bank Of Canada upped their price target on Inmarsat Plc from GBX 1,100 ($14.36) to GBX 1,150 ($15.01) and gave the stock an outperform rating in a report on Friday, August 5th. HSBC upped their price target on Inmarsat Plc from GBX 890 ($11.62) to GBX 940 ($12.27) and gave the stock a hold rating in a report on Friday, August 5th. Macquarie upped their price objective on Inmarsat Plc from GBX 975 ($12.73) to GBX 1,000 ($13.05) and gave the company a neutral rating in a research note on Friday, August 5th. Finally, Credit Suisse Group AG restated an outperform rating and issued a GBX 1,060 ($13.84) price objective on shares of Inmarsat Plc in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Inmarsat Plc presently has an average rating of Hold and an average target price of GBX 999.40 ($13.05).

Analyst Recommendations for Inmarsat Plc (LON:ISAT)

Inmarsat Plc (LON:ISAT) traded up 3.39% during midday trading on Monday, hitting GBX 733.00. The stock had a trading volume of 1,491,011 shares. Inmarsat Plc has a 1-year low of GBX 663.50 and a 1-year high of GBX 1,153.00. The stock’s 50-day moving average is GBX 761.25 and its 200-day moving average is GBX 814.07. The stock’s market capitalization is GBX 3.29 billion.

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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