Today: The Inmarsat Plc (ISAT) Price Target Cut to GBX 950 by Analysts at JPMorgan Chase & Co.

The Inmarsat Plc (ISAT) Price Target Cut to GBX 950 by Analysts at JPMorgan Chase & Co.

Inmarsat Plc (LON:ISAT) had its target price reduced by JPMorgan Chase & Co. from GBX 1,050 ($13.00) to GBX 950 ($11.76) in a research note published on Thursday morning. They currently have an overweight rating on the stock.

Several other analysts have also commented on the company. Barclays PLC reaffirmed an underweight rating and set a GBX 840 ($10.40) target price on shares of Inmarsat Plc in a report on Wednesday, August 31st. Macquarie lowered their price target on Inmarsat Plc from GBX 1,000 ($12.38) to GBX 800 ($9.90) and set a neutral rating on the stock in a research report on Monday, September 26th. Citigroup Inc. upgraded Inmarsat Plc to a buy rating and increased their price target for the stock from GBX 880 ($10.89) to GBX 900 ($11.14) in a research report on Monday, June 20th. Jefferies Group reiterated a buy rating and set a GBX 1,245 ($15.41) price target on shares of Inmarsat Plc in a research report on Sunday, August 7th. Finally, Haitong Bank downgraded Inmarsat Plc to a neutral rating and set a GBX 880 ($10.89) price target on the stock. in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 992.73 ($12.29).

Inmarsat Plc (LON:ISAT) traded up 1.49% on Thursday, hitting GBX 713.50. The stock had a trading volume of 1,248,287 shares. The company’s 50 day moving average is GBX 737.15 and its 200-day moving average is GBX 803.64. Inmarsat Plc has a 12 month low of GBX 663.50 and a 12 month high of GBX 1,153.00. The stock’s market cap is GBX 3.21 billion.

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