Inmarsat Plc (ISAT) Given “Sell” Rating at Numis Securities Ltd

Numis Securities Ltd reissued their sell rating on shares of Inmarsat Plc (LON:ISAT) in a research note issued to investors on Wednesday morning. Numis Securities Ltd currently has a GBX 400 ($5.26) target price on the stock.

Other research analysts also recently issued reports about the stock. J P Morgan Chase & Co raised their price objective on shares of Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the stock a neutral rating in a research report on Friday, August 4th. Credit Suisse Group reiterated an outperform rating and set a GBX 890 ($11.71) price target on shares of Inmarsat Plc in a report on Friday, August 11th. Deutsche Bank AG lowered their price target on shares of Inmarsat Plc from GBX 1,020 ($13.42) to GBX 1,010 ($13.28) and set a buy rating for the company in a report on Friday, August 11th. Jefferies Group LLC lowered their price target on shares of Inmarsat Plc from GBX 1,245 ($16.38) to GBX 1,100 ($14.47) and set a buy rating for the company in a report on Friday, September 8th. Finally, Barclays PLC lowered their price target on shares of Inmarsat Plc from GBX 755 ($9.93) to GBX 670 ($8.81) and set an underweight rating for the company in a report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 727.22 ($9.56).

Inmarsat Plc (ISAT) traded down GBX 2.40 ($0.03) during midday trading on Wednesday, hitting GBX 484.50 ($6.37). 954,540 shares of the company were exchanged, compared to its average volume of 2,980,000. Inmarsat Plc has a 1 year low of GBX 469.99 ($6.18) and a 1 year high of GBX 865 ($11.38).

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In other Inmarsat Plc news, insider Rupert Pearce acquired 19,260 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of GBX 519 ($6.83) per share, for a total transaction of £99,959.40 ($131,473.63). Also, insider Abe Peled acquired 8,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of GBX 636 ($8.37) per share, with a total value of £50,880 ($66,920.95). Over the last 90 days, insiders purchased 29,760 shares of company stock valued at $16,698,940.

Inmarsat Plc 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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