JPMorgan Chase & Co. Lowers Inmarsat Plc (ISAT) Price Target to GBX 950
Inmarsat Plc (LON:ISAT) had its target price dropped by JPMorgan Chase & Co. from GBX 1,050 ($13.00) to GBX 950 ($11.76) in a report issued on Thursday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 35.14% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. HSBC lifted their price objective on shares of Inmarsat Plc from GBX 890 ($11.01) to GBX 940 ($11.63) and gave the stock a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,060 ($13.12) target price on shares of Inmarsat Plc in a research report on Thursday, August 4th. Haitong Bank downgraded shares of Inmarsat Plc to a “neutral” rating and set a GBX 880 ($10.89) target price on the stock. in a research report on Tuesday, August 9th. Macquarie reissued a “neutral” rating and set a GBX 800 ($9.90) target price on shares of Inmarsat Plc in a research report on Monday. Finally, Citigroup Inc. raised shares of Inmarsat Plc to a “buy” rating and boosted their target price for the stock from GBX 880 ($10.89) to GBX 900 ($11.14) in a research report on Monday, June 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Inmarsat Plc has an average rating of “Hold” and an average target price of GBX 992.73 ($12.29).
Shares of Inmarsat Plc (LON:ISAT) traded down 0.78% during mid-day trading on Thursday, hitting GBX 703.00. 1,545,141 shares of the stock were exchanged. The company’s market cap is GBX 3.16 billion. The stock’s 50-day moving average price is GBX 737.15 and its 200-day moving average price is GBX 803.64. Inmarsat Plc has a 52-week low of GBX 663.50 and a 52-week high of GBX 1,153.00.
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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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