Inmarsat Plc (ISAT) PT Lowered to GBX 830 at HSBC Holdings plc
Inmarsat Plc (LON:ISAT) had its price target cut by equities researchers at HSBC Holdings plc from GBX 850 ($11.10) to GBX 830 ($10.84) in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. HSBC Holdings plc’s price objective would suggest a potential upside of 5.87% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Macquarie restated an “outperform” rating and set a GBX 900 ($11.75) price target on shares of Inmarsat Plc in a research report on Thursday, June 22nd. Deutsche Bank AG restated a “buy” rating and set a GBX 1,020 ($13.32) price target on shares of Inmarsat Plc in a research report on Tuesday, April 11th. Beaufort Securities upgraded Inmarsat Plc to a “buy” rating and raised their price target for the company from GBX 785 ($10.25) to GBX 950 ($12.41) in a research report on Tuesday, June 6th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 890 ($11.62) price target on shares of Inmarsat Plc in a research report on Friday, April 21st. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 770 ($10.05) price target on shares of Inmarsat Plc in a research report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 878.93 ($11.48).
Shares of Inmarsat Plc (LON ISAT) traded up 0.58% during midday trading on Friday, reaching GBX 784.00. The company had a trading volume of 1,268,274 shares. The company has a 50 day moving average of GBX 785.88 and a 200 day moving average of GBX 757.57. Inmarsat Plc has a one year low of GBX 594.50 and a one year high of GBX 889.00. The company’s market capitalization is GBX 3.54 billion.
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In other news, insider Tony Bates sold 15,155 shares of Inmarsat Plc stock in a transaction dated Friday, June 9th. The stock was sold at an average price of GBX 813 ($10.62), for a total value of £123,210.15 ($160,890.77).
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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