Jefferies Group LLC Cuts Inmarsat Plc (ISAT) Price Target to GBX 1,100
Inmarsat Plc (LON:ISAT) had its target price dropped by investment analysts at Jefferies Group LLC from GBX 1,245 ($16.08) to GBX 1,100 ($14.21) in a report released on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 67.56% from the company’s previous close.
ISAT has been the subject of several other research reports. HSBC Holdings plc reduced their price target on shares of Inmarsat Plc from GBX 850 ($10.98) to GBX 830 ($10.72) and set a “hold” rating for the company in a report on Friday, July 21st. J P Morgan Chase & Co upped their price target on shares of Inmarsat Plc from GBX 840 ($10.85) to GBX 850 ($10.98) and gave the company a “neutral” rating in a report on Friday, August 4th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 890 ($11.49) price target on shares of Inmarsat Plc in a report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,020 ($13.17) price target on shares of Inmarsat Plc in a report on Monday, June 19th. Finally, Barclays PLC reiterated an “underweight” rating on shares of Inmarsat Plc in a report on Friday, June 9th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Inmarsat Plc presently has an average rating of “Hold” and an average target price of GBX 839.29 ($10.84).
Inmarsat Plc (LON ISAT) traded down 0.15% during midday trading on Friday, reaching GBX 656.50. 1,602,680 shares of the company’s stock were exchanged. Inmarsat Plc has a 1-year low of GBX 594.50 and a 1-year high of GBX 865.00. The stock’s market cap is GBX 2.98 billion. The firm’s 50-day moving average is GBX 740.11 and its 200 day moving average is GBX 773.80.
Inmarsat Plc (LON:ISAT) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.24 earnings per share for the quarter. Inmarsat Plc had a net margin of 12.28% and a return on equity of 14.48%. Equities analysts anticipate that Inmarsat Plc will post $0.43 earnings per share for the current fiscal year.
In other Inmarsat Plc news, insider Simon Bax bought 2,500 shares of Inmarsat Plc stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of GBX 646 ($8.34) per share, for a total transaction of £16,150 ($20,857.55).
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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