Inmarsat Plc (ISAT) Receives GBX 721.67 Consensus PT from Brokerages

Shares of Inmarsat Plc (LON:ISAT) have been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 702.78 ($9.46).

A number of equities research analysts have recently commented on the company. Numis Securities assumed coverage on Inmarsat in a research report on Tuesday, September 5th. They set a “sell” rating and a GBX 480 ($6.46) price objective for the company. Jefferies Group cut their price objective on Inmarsat from GBX 1,245 ($16.76) to GBX 1,100 ($14.80) and set a “buy” rating for the company in a research report on Friday, September 8th. Deutsche Bank reiterated a “buy” rating and set a GBX 1,010 ($13.59) price objective on shares of Inmarsat in a research report on Wednesday, October 11th. Barclays cut their target price on shares of Inmarsat from GBX 755 ($10.16) to GBX 670 ($9.02) and set an “underweight” rating on the stock in a research note on Friday, September 15th. Finally, Berenberg Bank raised shares of Inmarsat to a “hold” rating and cut their target price for the company from GBX 680 ($9.15) to GBX 640 ($8.61) in a research note on Thursday, November 2nd.

Shares of Inmarsat (LON:ISAT) traded down GBX 41 ($0.55) during trading hours on Friday, hitting GBX 444.80 ($5.99). The stock had a trading volume of 5,859,770 shares, compared to its average volume of 5,020,000. Inmarsat has a one year low of GBX 467.30 ($6.29) and a one year high of GBX 865 ($11.64).

In related news, insider Abe Peled purchased 8,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of GBX 636 ($8.56) per share, with a total value of £50,880 ($68,479.14). Also, insider Rupert Pearce purchased 19,260 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of GBX 519 ($6.99) per share, for a total transaction of £99,959.40 ($134,534.86).

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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.

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