Inmarsat Plc (LON:ISAT) had its price target cut by Macquarie from GBX 1,000 ($13.05) to GBX 800 ($10.44) in a research report report published on Monday. They currently have a neutral rating on the stock.
Several other analysts have also recently commented on ISAT. Barclays PLC decreased their target price on Inmarsat Plc from GBX 860 ($11.23) to GBX 700 ($9.14) and set an underweight rating for the company in a research report on Wednesday, June 1st. Jefferies Group reiterated a buy rating and set a GBX 1,245 ($16.25) price objective on shares of Inmarsat Plc in a report on Monday, August 1st. HSBC increased their price objective 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. Royal Bank Of Canada increased their price objective 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. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,060 ($13.84) price objective on shares of Inmarsat Plc in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 1,005.73 ($13.13).
Shares of Inmarsat Plc (LON:ISAT) opened at 682.50 on Monday. Inmarsat Plc has a 52-week low of GBX 663.50 and a 52-week high of GBX 1,153.00. The stock’s market capitalization is GBX 3.07 billion. The firm’s 50-day moving average price is GBX 776.68 and its 200-day moving average price is GBX 818.75.
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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