Inmarsat Plc (ISAT) Price Target Cut to GBX 670 by Analysts at Barclays PLC

Inmarsat Plc (LON:ISAT) had its price target decreased by equities researchers at Barclays PLC from GBX 755 ($9.75) to GBX 670 ($8.65) in a report issued on Friday. The brokerage presently has an “underweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 6.26% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,020 ($13.17) price objective on shares of Inmarsat Plc in a research note on Monday, June 19th. Jefferies Group LLC reiterated a “buy” rating and set a GBX 1,245 ($16.08) price objective on shares of Inmarsat Plc in a research note on Monday, June 19th. Beaufort Securities upgraded shares of Inmarsat Plc to a “buy” rating and increased their price objective for the stock from GBX 785 ($10.14) to GBX 950 ($12.27) in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Inmarsat Plc from GBX 960 ($12.40) to GBX 920 ($11.88) and set a “buy” rating on the stock in a research note on Friday, July 14th. Finally, HSBC Holdings plc reduced their price objective on shares of Inmarsat Plc from GBX 850 ($10.98) to GBX 830 ($10.72) and set a “hold” rating on the stock in a research note on Friday, July 21st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 833.57 ($10.77).

Inmarsat Plc (ISAT) opened at 626.50 on Friday. The firm has a 50-day moving average of GBX 725.65 and a 200-day moving average of GBX 774.41. The firm’s market capitalization is GBX 2.84 billion. Inmarsat Plc has a 52-week low of GBX 594.50 and a 52-week high of GBX 865.00.

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In related news, insider Simon Bax purchased 2,500 shares of Inmarsat Plc stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of GBX 646 ($8.34) per share, for a total transaction of £16,150 ($20,857.55).

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.

Analyst Recommendations for Inmarsat Plc (LON:ISAT)

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