Inmarsat Plc (ISAT) Insider Simon Bax Acquires 2,500 Shares
Inmarsat Plc (LON:ISAT) insider Simon Bax purchased 2,500 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of GBX 646 ($8.34) per share, with a total value of £16,150 ($20,857.55).
Simon Bax also recently made the following trade(s):
- On Thursday, August 10th, Simon Bax purchased 3,250 shares of Inmarsat Plc stock. The stock was bought at an average cost of GBX 742 ($9.58) per share, with a total value of £24,115 ($31,144.26).
Inmarsat Plc (LON ISAT) traded down 0.15% during midday trading on Friday, hitting GBX 656.50. The stock had a trading volume of 1,602,680 shares. The stock’s 50-day moving average is GBX 743.35 and its 200-day moving average is GBX 774.15. Inmarsat Plc has a 1-year low of GBX 594.50 and a 1-year high of GBX 865.00. The stock’s market capitalization is GBX 2.98 billion.
The business also recently declared a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 14th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a yield of 2.26%.
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ISAT has been the subject of a number of research reports. Jefferies Group LLC lowered their target price on Inmarsat Plc from GBX 1,245 ($16.08) to GBX 1,100 ($14.21) and set a “buy” rating for the company in a research note on Friday. Numis Securities Ltd initiated coverage on Inmarsat Plc in a research note on Tuesday. They set a “sell” rating and a GBX 480 ($6.20) target price for the company. Credit Suisse Group reissued an “outperform” rating and set a GBX 890 ($11.49) target price on shares of Inmarsat Plc in a research note on Friday, August 11th. Deutsche Bank AG lowered their target price on Inmarsat Plc from GBX 1,020 ($13.17) to GBX 1,010 ($13.04) and set a “buy” rating for the company in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co increased their target price on Inmarsat Plc from GBX 840 ($10.85) to GBX 850 ($10.98) and gave the stock a “neutral” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 839.29 ($10.84).
About Inmarsat Plc
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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