Inmarsat Plc (LON:ISAT) had its target price decreased by investment analysts at HSBC Holdings plc from GBX 720 ($9.47) to GBX 570 ($7.50) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. HSBC Holdings plc’s price target points to a potential upside of 14.09% from the stock’s previous close.
Several other research firms have also weighed in on ISAT. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,010 ($13.28) price target on shares of Inmarsat Plc in a research report on Monday, September 18th. Barclays PLC dropped their price objective on Inmarsat Plc from GBX 755 ($9.93) to GBX 670 ($8.81) and set an “underweight” rating on the stock in a research report on Friday, September 15th. Berenberg Bank raised Inmarsat Plc to a “hold” rating and dropped their price objective for the company from GBX 680 ($8.94) to GBX 640 ($8.42) in a research report on Thursday, November 2nd. J P Morgan Chase & Co dropped their price objective on Inmarsat Plc from GBX 740 ($9.73) to GBX 690 ($9.08) and set a “neutral” rating on the stock in a research report on Friday, November 10th. Finally, dropped their price objective on Inmarsat Plc from GBX 820 ($10.79) to GBX 720 ($9.47) and set a “hold” rating on the stock in a research report on Friday, November 3rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Inmarsat Plc has an average rating of “Hold” and an average target price of GBX 762.22 ($10.03).
Inmarsat Plc (LON ISAT) opened at GBX 499.60 ($6.57) on Wednesday. Inmarsat Plc has a 52 week low of GBX 497.70 ($6.55) and a 52 week high of GBX 865 ($11.38).
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In related news, insider Rupert Pearce acquired 19,260 shares of Inmarsat Plc stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of GBX 519 ($6.83) per share, with a total value of £99,959.40 ($131,473.63). Also, insider Simon Bax acquired 2,500 shares of Inmarsat Plc stock in a transaction on Friday, September 8th. The shares were bought at an average cost of GBX 646 ($8.50) per share, with a total value of £16,150 ($21,241.62).
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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