Morgan Stanley Trims Inmarsat (ISAT) Target Price to GBX 550

Inmarsat (LON:ISAT) had its price target reduced by Morgan Stanley from GBX 620 ($8.57) to GBX 550 ($7.60) in a research note released on Thursday. They currently have an equal weight rating on the stock.

A number of other analysts also recently issued reports on the company. Barclays reaffirmed an equal weight rating and set a GBX 570 ($7.88) price target on shares of Inmarsat in a report on Friday, February 9th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 810 ($11.19) price target on shares of Inmarsat in a report on Friday, January 26th. Numis Securities reaffirmed a sell rating and set a GBX 400 ($5.53) price target on shares of Inmarsat in a report on Monday, January 15th. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 825 ($11.40) price target on shares of Inmarsat in a report on Friday, January 12th. Finally, Deutsche Bank reaffirmed a buy rating and set a GBX 850 ($11.74) price target on shares of Inmarsat in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 661.11 ($9.13).

Shares of Inmarsat (LON:ISAT) opened at GBX 454.20 ($6.28) on Thursday. The stock has a market capitalization of $2,080.00 and a PE ratio of 1,335.88. Inmarsat has a fifty-two week low of GBX 418.70 ($5.78) and a fifty-two week high of GBX 865 ($11.95).

In other news, insider Pip McCrostie bought 2,000 shares of Inmarsat stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of GBX 443 ($6.12) per share, with a total value of £8,860 ($12,240.95). Also, insider Robert Kehler bought 1,000 shares of Inmarsat stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average cost of GBX 464 ($6.41) per share, with a total value of £4,640 ($6,410.61).

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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.

Analyst Recommendations for Inmarsat (LON:ISAT)

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