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Inmarsat PLC (LON:ISAT) target price lowered to 600.00GBX, reported today by Berenberg

Inmarsat PLC (LON:ISAT) had its target price lowered to 600.00GBX by Berenberg in a report released Wednesday November 15, 2017. The new target price indicates steady performance relative to the company's last stock close price.

Previously on Monday November 13, 2017, Jefferies International reported about Inmarsat PLC (LON:ISAT) held steady the target price at 1,100.00GBX. At the time, this indicated a possible upside of 0.83%.

Yesterday Inmarsat PLC (LON:ISAT) traded -1.34% lower at 601.00GBX. The company’s 50-day moving average is 655.14GBX and its 200-day moving average is 755.42GBX. The last stock close price is down -17.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,579,782 shares of the stock were exchanged, up from an average trading volume of 1,417,140

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Inmarsat PLC (LON:ISAT)

Inmarsat PLC has a 52 week low of 594.50GBX and a 52 week high of 865.00GBX with a P/E ratio of 18.43 The company’s market cap is currently 0 GBX.

In addition to Berenberg reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is 13.54GBX with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Inmarsat PLC (LON:ISAT)

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. The Enterprise segment focuses on energy, industry, media, carriers and machine-to-machine (M2M) services across the world. The Maritime segment includes the provision of broadband data and safety communications for all vessel sizes. The Aviation segment focuses on commercial aviation services. The Government segment includes the provision of communications services for governmental, military and civil applications. The Central Services segment includes satellite operations, backbone infrastructure and corporate administrative costs.

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