Inmarsat (LON:ISAT) had its target price lowered by Deutsche Bank from GBX 580 ($7.58) to GBX 575 ($7.51) in a research note issued to investors on Friday. Deutsche Bank currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the company. Morgan Stanley increased their target price on Inmarsat from GBX 490 ($6.40) to GBX 560 ($7.32) and gave the stock an equal weight rating in a research report on Wednesday, August 8th. Barclays increased their target price on Inmarsat from GBX 460 ($6.01) to GBX 465 ($6.08) and gave the stock an equal weight rating in a research report on Friday, August 3rd. Numis Securities upgraded Inmarsat to a hold rating and set a GBX 430 ($5.62) target price for the company in a research report on Tuesday, October 30th. Societe Generale upgraded Inmarsat to a hold rating and increased their target price for the stock from GBX 385 ($5.03) to GBX 560 ($7.32) in a research report on Thursday, August 9th. Finally, Goldman Sachs Group increased their target price on Inmarsat from GBX 480 ($6.27) to GBX 500 ($6.53) and gave the stock a neutral rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 535.67 ($7.00).
Shares of LON:ISAT traded down GBX 2.40 ($0.03) during trading on Friday, hitting GBX 422 ($5.51). 2,837,804 shares of the company’s stock were exchanged, compared to its average volume of 2,850,000. Inmarsat has a 52-week low of GBX 381.20 ($4.98) and a 52-week high of GBX 865 ($11.30).
Inmarsat Company Profile
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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