Inmarsat Plc (LON:ISAT) had its target price lowered by equities research analysts at Citigroup Inc. from GBX 770 ($10.13) to GBX 530 ($6.97) in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 7.16% from the stock’s current price.

Several other research analysts also recently commented on ISAT. dropped their price target on Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.92) and set a “hold” rating on the stock in a research report on Friday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,020 ($13.42) price target on shares of Inmarsat Plc in a research report on Monday, July 24th. J P Morgan Chase & Co lifted their price target on Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the stock a “neutral” rating in a research report on Friday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 890 ($11.71) price target on shares of Inmarsat Plc in a research report on Friday, August 11th. Finally, Numis Securities Ltd started coverage on Inmarsat Plc in a research report on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.31) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 731.67 ($9.62).

Inmarsat Plc (LON ISAT) traded down GBX 0.60 ($0.01) on Friday, reaching GBX 494.60 ($6.51). The company had a trading volume of 4,528,802 shares, compared to its average volume of 2,680,000. Inmarsat Plc has a 12-month low of GBX 488.10 ($6.42) and a 12-month high of GBX 865 ($11.38).

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

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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