Inmarsat (ISAT) PT Lowered to GBX 575
Inmarsat (LON:ISAT) had its price target cut by equities research analysts at Deutsche Bank from GBX 850 ($11.74) to GBX 575 ($7.94) in a report issued on Monday, March 12th. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s target price points to a potential upside of 54.32% from the stock’s current price.
A number of other research firms also recently issued reports on ISAT. Credit Suisse Group reiterated an “outperform” rating and set a GBX 810 ($11.19) price objective on shares of Inmarsat in a report on Friday, March 9th. HSBC decreased their price objective on Inmarsat from GBX 720 ($9.95) to GBX 570 ($7.88) and set a “hold” rating for the company in a report on Wednesday, November 15th. Barclays reiterated an “equal weight” rating and set a GBX 570 ($7.88) price objective on shares of Inmarsat in a report on Friday, February 9th. Citigroup decreased their price objective on Inmarsat from GBX 770 ($10.64) to GBX 530 ($7.32) and set a “neutral” rating for the company in a report on Friday, November 17th. Finally, Numis Securities reiterated a “sell” rating and set a GBX 400 ($5.53) price objective on shares of Inmarsat in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 612.06 ($8.46).
ISAT stock traded up GBX 3.60 ($0.05) during mid-day trading on Monday, hitting GBX 372.90 ($5.15). The stock had a trading volume of 1,844,708 shares, compared to its average volume of 2,850,000. Inmarsat has a 1 year low of GBX 381.20 ($5.27) and a 1 year high of GBX 865 ($11.95). The company has a market cap of $1,810.00 and a price-to-earnings ratio of 1,285.86.
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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