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).
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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.
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