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).

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In other news, insider Rupert Pearce purchased 19,260 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of GBX 519 ($6.83) per share, for a total transaction of £99,959.40 ($131,473.63). Also, insider Simon Bax purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average price of GBX 646 ($8.50) per share, for a total transaction of £16,150 ($21,241.62).

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.

Analyst Recommendations for Inmarsat Plc (LON:ISAT)

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