Inmarsat Plc (ISAT) PT Lowered to GBX 720 at HSBC Holdings plc
Inmarsat Plc (LON:ISAT) had its target price decreased by stock analysts at HSBC Holdings plc from GBX 820 ($10.82) to GBX 720 ($9.50) in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. HSBC Holdings plc’s target price suggests a potential upside of 21.21% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. Berenberg Bank upgraded Inmarsat Plc to a “hold” rating and decreased their price objective for the company from GBX 680 ($8.97) to GBX 640 ($8.45) in a research note on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,010 ($13.33) price objective on shares of Inmarsat Plc in a research note on Wednesday, October 11th. Barclays PLC decreased their price objective on Inmarsat Plc from GBX 755 ($9.96) to GBX 670 ($8.84) and set an “underweight” rating for the company in a research note on Friday, September 15th. Jefferies Group LLC decreased their price objective on Inmarsat Plc from GBX 1,245 ($16.43) to GBX 1,100 ($14.52) and set a “buy” rating for the company in a research note on Friday, September 8th. Finally, Numis Securities Ltd assumed coverage on Inmarsat Plc in a research note on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.33) price objective for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Inmarsat Plc presently has an average rating of “Hold” and an average price target of GBX 820.71 ($10.83).
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In related news, insider Simon Bax bought 3,250 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of GBX 742 ($9.79) per share, with a total value of £24,115 ($31,822.38).
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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