Inmarsat Plc (ISAT) PT Lowered to GBX 600 at Berenberg Bank

Inmarsat Plc (LON:ISAT) had its price target reduced by Berenberg Bank from GBX 640 ($8.42) to GBX 600 ($7.89) in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently issued reports on the company. HSBC Holdings PLC cut 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 report on Friday, November 3rd. cut 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 report on Friday, November 3rd. Morgan Stanley cut their price objective on Inmarsat Plc from GBX 760 ($10.00) to GBX 620 ($8.15) and set an equal weight rating on the stock in a report on Tuesday. J P Morgan Chase & Co cut 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 report on Friday, November 10th. Finally, Jefferies Group LLC reiterated a buy rating and issued a GBX 1,100 ($14.47) price objective on shares of Inmarsat Plc in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Inmarsat Plc currently has a consensus rating of Hold and a consensus price target of GBX 731.67 ($9.62).

Inmarsat Plc (LON ISAT) traded down GBX 0.60 ($0.01) during mid-day trading on Wednesday, hitting GBX 494.60 ($6.51). The company had a trading volume of 4,528,802 shares, compared to its average volume of 2,680,000. Inmarsat Plc has a 52-week low of GBX 488.10 ($6.42) and a 52-week high of GBX 865 ($11.38).

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In other Inmarsat Plc news, insider Simon Bax acquired 2,500 shares of the stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of GBX 646 ($8.50) per share, with a total value of £16,150 ($21,241.62). Also, insider Rupert Pearce acquired 19,260 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of GBX 519 ($6.83) per share, with a total value of £99,959.40 ($131,473.63).

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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