HSBC Holdings plc Cuts Inmarsat Plc (ISAT) Price Target to GBX 720
Inmarsat Plc (LON:ISAT) had its price target reduced by HSBC Holdings plc from GBX 820 ($10.82) to GBX 720 ($9.50) in a research report sent to investors on Friday. They currently have a hold rating on the stock.
ISAT has been the topic of a number of other reports. J P Morgan Chase & Co lifted their target price on shares of Inmarsat Plc from GBX 840 ($11.08) to GBX 850 ($11.22) and gave the stock a neutral rating in a research note on Friday, August 4th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 890 ($11.74) target price on shares of Inmarsat Plc in a research note on Friday, August 11th. Numis Securities Ltd began coverage on shares of Inmarsat Plc in a research note on Tuesday, September 5th. They set a sell rating and a GBX 480 ($6.33) target price on the stock. Jefferies Group LLC reduced their target price on shares of Inmarsat Plc from GBX 1,245 ($16.43) to GBX 1,100 ($14.52) and set a buy rating on the stock in a research note on Friday, September 8th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a GBX 1,010 ($13.33) target price on shares of Inmarsat Plc in a research note on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 800.67 ($10.57).
Inmarsat Plc (LON:ISAT) opened at GBX 589.65 ($7.78) on Friday. Inmarsat Plc has a 52 week low of GBX 576.50 ($7.61) and a 52 week high of GBX 865 ($11.41).
COPYRIGHT VIOLATION NOTICE: “HSBC Holdings plc Cuts Inmarsat Plc (ISAT) Price Target to GBX 720” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/hsbc-holdings-plc-cuts-inmarsat-plc-isat-price-target-to-gbx-720/1682273.html.
In related news, insider Simon Bax purchased 2,500 shares of Inmarsat Plc stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of GBX 646 ($8.52) per share, with a total value of £16,150 ($21,311.69).
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.
Receive News & Ratings for Inmarsat Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat Plc and related companies with Analyst Ratings Network's FREE daily email newsletter.