Jefferies Group Cuts Inmarsat (ISAT) Price Target to GBX 1,000

Inmarsat (LON:ISAT) had its target price cut by Jefferies Group from GBX 1,100 ($14.80) to GBX 1,000 ($13.46) in a research note issued to investors on Friday morning. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the stock. Numis Securities reissued a sell rating and set a GBX 400 ($5.38) target price on shares of Inmarsat in a research note on Wednesday, November 22nd. Citigroup lowered their target price on shares of Inmarsat from GBX 770 ($10.36) to GBX 530 ($7.13) and set a neutral rating for the company in a research note on Friday, November 17th. Barclays raised shares of Inmarsat to an equal weight rating and lowered their target price for the company from GBX 695 ($9.35) to GBX 600 ($8.08) in a research note on Friday, November 17th. Deutsche Bank lowered their target price on shares of Inmarsat from GBX 1,010 ($13.59) to GBX 850 ($11.44) and set a buy rating for the company in a research note on Thursday, November 16th. Finally, Credit Suisse Group lowered their target price on shares of Inmarsat from GBX 890 ($11.98) to GBX 810 ($10.90) and set an outperform rating for the company in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 721.67 ($9.71).

Shares of Inmarsat (LON ISAT) opened at GBX 495 ($6.66) on Friday. Inmarsat has a one year low of GBX 467.30 ($6.29) and a one year high of GBX 865 ($11.64).

In other news, insider Simon Bax acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of GBX 646 ($8.69) per share, for a total transaction of £16,150 ($21,736.20). Also, insider Rupert Pearce bought 19,260 shares of Inmarsat stock in a transaction on Friday, November 10th. The stock was purchased at an average price of GBX 519 ($6.99) per share, with a total value of £99,959.40 ($134,534.86). Insiders purchased 29,760 shares of company stock valued at $16,698,940 over the last 90 days.

TRADEMARK VIOLATION WARNING: “Jefferies Group Cuts Inmarsat (ISAT) Price Target to GBX 1,000” was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/12/05/jefferies-group-cuts-inmarsat-isat-price-target-to-gbx-1000.html.

Inmarsat 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 (LON:ISAT)

Receive News & Ratings for Inmarsat Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat Plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply