Inmarsat (LON:ISAT) had its price target decreased by analysts at JPMorgan Chase & Co. from GBX 690 ($9.53) to GBX 580 ($8.01) in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 41.57% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. Deutsche Bank restated a “buy” rating on shares of Inmarsat in a report on Monday. Credit Suisse Group restated an “outperform” rating and set a GBX 810 ($11.19) price target on shares of Inmarsat in a report on Friday. Numis Securities restated a “sell” rating and set a GBX 400 ($5.53) price target on shares of Inmarsat in a report on Wednesday, March 7th. Morgan Stanley cut their price target on shares of Inmarsat from GBX 620 ($8.57) to GBX 550 ($7.60) and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Finally, Barclays restated an “equal weight” rating and set a GBX 570 ($7.88) price target on shares of Inmarsat in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 657.78 ($9.09).
Inmarsat (ISAT) traded down GBX 23 ($0.32) during mid-day trading on Monday, hitting GBX 409.70 ($5.66). 5,066,861 shares of the stock were exchanged, compared to its average volume of 2,310,000. Inmarsat has a twelve month low of GBX 408 ($5.64) and a twelve month high of GBX 865 ($11.95). The firm has a market capitalization of $1,880.00 and a price-to-earnings ratio of 1,412.76.
Inmarsat 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.
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