Inmarsat (ISAT) Price Target Cut to GBX 550

Inmarsat (LON:ISAT) had its price target dropped by equities researchers at Morgan Stanley from GBX 620 ($8.57) to GBX 550 ($7.60) in a report released on Thursday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 19.83% from the company’s previous close.

Several other equities analysts have also commented on ISAT. HSBC dropped their price target on shares of Inmarsat from GBX 820 ($11.33) to GBX 720 ($9.95) and set a “hold” rating on the stock in a research note on Friday, November 3rd. dropped their price target on shares of Inmarsat from GBX 820 ($11.33) to GBX 720 ($9.95) and set a “hold” rating on the stock in a research note on Friday, November 3rd. Barclays reiterated an “equal weight” rating and issued a GBX 570 ($7.88) price target on shares of Inmarsat in a research note on Friday, February 9th. Citigroup dropped their price target on shares of Inmarsat from GBX 770 ($10.64) to GBX 530 ($7.32) and set a “neutral” rating on the stock in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Inmarsat from GBX 740 ($10.22) to GBX 690 ($9.53) and set a “neutral” rating on the stock in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 661.11 ($9.13).

Shares of Inmarsat (LON ISAT) opened at GBX 459 ($6.34) on Thursday. Inmarsat has a one year low of GBX 418.70 ($5.78) and a one year high of GBX 865 ($11.95). The firm has a market cap of $2,110.00 and a P/E ratio of 1,350.00.

In other Inmarsat news, insider Pip McCrostie bought 2,000 shares of the stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of GBX 443 ($6.12) per share, for a total transaction of £8,860 ($12,240.95). Also, insider Robert Kehler bought 1,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of GBX 464 ($6.41) per share, for a total transaction of £4,640 ($6,410.61).

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About Inmarsat

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 (LON:ISAT)

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