Inmarsat Plc (LON:ISAT) was upgraded by equities research analysts at Barclays PLC to an “equal weight” rating in a research note issued to investors on Friday. The brokerage presently has a GBX 600 ($7.89) target price on the stock, down from their previous target price of GBX 695 ($9.14). Barclays PLC’s target price points to a potential upside of 21.31% from the stock’s previous close.
Other research analysts have also issued research reports about the company. HSBC Holdings PLC decreased their target price on Inmarsat Plc from GBX 820 ($10.79) to GBX 720 ($9.47) and set a “hold” rating for the company in a research report on Friday, November 3rd. reduced their price objective on Inmarsat Plc from GBX 820 ($10.79) to GBX 720 ($9.47) and set a “hold” rating for the company in a research report on Friday, November 3rd. Credit Suisse Group reduced their price objective on Inmarsat Plc from GBX 890 ($11.71) to GBX 810 ($10.65) and set an “outperform” rating for the company in a research report on Thursday. Berenberg Bank reduced their price objective on Inmarsat Plc from GBX 640 ($8.42) to GBX 600 ($7.89) and set a “hold” rating for the company in a research report on Wednesday. Finally, J P Morgan Chase & Co boosted their price objective on Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the company a “neutral” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 731.67 ($9.62).
Inmarsat Plc (ISAT) opened at GBX 494.60 ($6.51) on Friday. Inmarsat Plc has a 12-month low of GBX 488.10 ($6.42) and a 12-month high of GBX 865 ($11.38).
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About Inmarsat Plc
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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