Inmarsat (ISAT) Lowered to “Neutral” at Goldman Sachs Group
Goldman Sachs Group cut shares of Inmarsat (LON:ISAT) to a neutral rating in a research note released on Monday. Goldman Sachs Group currently has GBX 580 ($7.81) price objective on the stock, down from their previous price objective of GBX 860 ($11.57).
Several other equities analysts have also recently issued reports on ISAT. HSBC decreased their price target on Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a hold rating on the stock in a report on Friday, November 3rd. decreased their price target on Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a hold rating on the stock in a report on Friday, November 3rd. Deutsche Bank reiterated a buy rating and issued a GBX 1,010 ($13.59) price target on shares of Inmarsat in a report on Thursday, September 28th. Citigroup decreased their price target on Inmarsat from GBX 770 ($10.36) to GBX 530 ($7.13) and set a neutral rating on the stock in a report on Friday, November 17th. Finally, Jefferies Group decreased their price target on Inmarsat from GBX 1,100 ($14.80) to GBX 1,000 ($13.46) and set a buy rating on the stock in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Inmarsat currently has an average rating of Hold and a consensus price target of GBX 676.39 ($9.10).
Inmarsat (LON:ISAT) opened at GBX 443.50 ($5.97) on Monday. Inmarsat has a 1-year low of GBX 442 ($5.95) and a 1-year high of GBX 865 ($11.64).
Inmarsat 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.
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