Inmarsat Plc (ISAT) Price Target Cut to GBX 720 by Analysts at HSBC
Inmarsat Plc (LON:ISAT) had its price target lowered by investment analysts at HSBC from GBX 820 ($10.79) to GBX 720 ($9.47) in a research report issued to clients and investors on Friday, November 3rd. The firm presently has a “hold” rating on the stock. HSBC’s target price would indicate a potential upside of 44.12% from the company’s previous close.
Several other brokerages have also commented on ISAT. Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,010 ($13.28) price target on shares of Inmarsat Plc in a research note on Monday, September 18th. Barclays PLC cut their price target on shares of Inmarsat Plc from GBX 755 ($9.93) to GBX 670 ($8.81) and set an “underweight” rating on the stock in a research note on Friday, September 15th. Berenberg Bank upgraded shares of Inmarsat Plc to a “hold” rating and cut their price target for the stock from GBX 680 ($8.94) to GBX 640 ($8.42) in a research note on Thursday, November 2nd. J P Morgan Chase & Co cut their price target on shares of Inmarsat Plc from GBX 740 ($9.73) to GBX 690 ($9.08) and set a “neutral” rating on the stock in a research note on Friday. Finally, cut their price target on shares of Inmarsat Plc from GBX 820 ($10.79) to GBX 720 ($9.47) and set a “hold” rating on the stock in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 772.78 ($10.16).
Shares of Inmarsat Plc (LON:ISAT) traded down GBX 16.40 ($0.22) during trading hours on Friday, reaching GBX 499.60 ($6.57). 5,320,795 shares of the company traded hands, compared to its average volume of 2,380,000. Inmarsat Plc has a 12-month low of GBX 497.70 ($6.55) and a 12-month high of GBX 865 ($11.38).
ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/14/inmarsat-plc-isat-price-target-cut-to-gbx-720-by-analysts-at-hsbc.html.
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.
Receive News & Ratings for Inmarsat Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat Plc and related companies with MarketBeat.com's FREE daily email newsletter.