Shares of Inmarsat Plc (LON:ISAT) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 721.67 ($9.71).

Several brokerages recently weighed in on ISAT. HSBC reduced their price target on shares of Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a “hold” rating on the stock in a research report on Friday, November 3rd. Credit Suisse Group restated an “outperform” rating and issued a GBX 890 ($11.98) price target on shares of Inmarsat in a research report on Friday, August 11th. reduced their price target on shares of Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a “hold” rating on the stock in a research report on Friday, November 3rd. Deutsche Bank reduced their price target on shares of Inmarsat from GBX 1,020 ($13.73) to GBX 1,010 ($13.59) and set a “buy” rating on the stock in a research report on Friday, August 11th. Finally, Jefferies Group reduced their price target on shares of Inmarsat from GBX 1,100 ($14.80) to GBX 1,000 ($13.46) and set a “buy” rating on the stock in a research report on Friday, December 1st.

Inmarsat (LON:ISAT) traded up GBX 0.70 ($0.01) during mid-day trading on Friday, hitting GBX 485.80 ($6.54). 3,070,994 shares of the stock traded hands, compared to its average volume of 5,020,000. Inmarsat has a 1 year low of GBX 467.30 ($6.29) and a 1 year high of GBX 865 ($11.64).

In other news, insider Abe Peled purchased 8,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was 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 firm’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of GBX 519 ($6.99) per share, with a total value 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.

Analyst Recommendations for Inmarsat (LON:ISAT)

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