Goldman Sachs Group, Inc. (The) Trims Inmarsat Plc (ISAT) Target Price to GBX 920
Inmarsat Plc (LON:ISAT) had its target price dropped by equities researchers at Goldman Sachs Group, Inc. (The) from GBX 960 ($12.44) to GBX 920 ($11.92) in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 22.50% from the company’s current price.
ISAT has been the topic of several other reports. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,020 ($13.21) target price on shares of Inmarsat Plc in a research note on Wednesday, March 29th. Jefferies Group LLC reissued a “buy” rating and set a GBX 1,245 ($16.13) target price on shares of Inmarsat Plc in a research note on Monday, June 26th. Barclays PLC reissued an “underweight” rating on shares of Inmarsat Plc in a research note on Friday, June 9th. Citigroup Inc. reissued a “neutral” rating and set a GBX 770 ($9.97) target price on shares of Inmarsat Plc in a research note on Monday, May 15th. Finally, Royal Bank Of Canada raised shares of Inmarsat Plc from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from GBX 760 ($9.84) to GBX 1,000 ($12.95) in a research note on Tuesday, March 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 880.36 ($11.40).
Shares of Inmarsat Plc (ISAT) traded up 0.13% during midday trading on Friday, hitting GBX 751.00. 603,804 shares of the company were exchanged. Inmarsat Plc has a one year low of GBX 594.50 and a one year high of GBX 889.00. The firm’s market capitalization is GBX 3.40 billion. The firm’s 50 day moving average price is GBX 803.28 and its 200 day moving average price is GBX 756.39.
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In other news, insider Tony Bates sold 15,155 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of GBX 813 ($10.53), for a total value of £123,210.15 ($159,598.64).
Inmarsat Plc 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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