Inmarsat Plc (LON:ISAT) had its target price decreased by research analysts at HSBC Holdings PLC from GBX 720 ($9.47) to GBX 570 ($7.50) in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. HSBC Holdings PLC’s target price indicates a potential upside of 15.48% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Deutsche Bank AG restated a “buy” rating and set a GBX 1,010 ($13.28) price objective on shares of Inmarsat Plc in a research report on Wednesday, October 11th. Societe Generale restated a “sell” rating and set a GBX 520 ($6.84) price objective on shares of Inmarsat Plc in a research report on Monday, November 6th. Numis Securities Ltd assumed coverage on shares of Inmarsat Plc in a research report on Tuesday, September 5th. They set a “sell” rating and a GBX 480 ($6.31) price objective on the stock. Barclays PLC lowered their price objective 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 report on Friday, September 15th. Finally, lowered their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 731.67 ($9.62).
Inmarsat Plc (LON:ISAT) traded down GBX 1.62 ($0.02) during trading hours on Wednesday, hitting GBX 493.58 ($6.49). 4,530,000 shares of the stock were exchanged, compared to its average volume of 2,750,000. Inmarsat Plc has a 1 year low of GBX 487.60 ($6.41) and a 1 year high of GBX 865 ($11.38).
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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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