Pip McCrostie Purchases 2,000 Shares of Inmarsat Plc (ISAT) Stock
Inmarsat Plc (LON:ISAT) insider Pip McCrostie bought 2,000 shares of the stock in a transaction dated Friday, December 15th. The shares were bought at an average cost of GBX 443 ($5.96) per share, with a total value of £8,860 ($11,924.63).
Inmarsat Plc (LON ISAT) opened at GBX 448.10 ($6.03) on Friday. Inmarsat Plc has a twelve month low of GBX 442 ($5.95) and a twelve month high of GBX 865 ($11.64).
Several brokerages have recently issued reports on ISAT. 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. Societe Generale reiterated a “sell” rating and set a GBX 520 ($7.00) price objective on shares of Inmarsat in a research report on Monday, November 6th. Jefferies Group reiterated a “buy” rating and set a GBX 1,100 ($14.80) price objective on shares of Inmarsat in a research report on Friday, November 10th. Numis Securities began 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. Finally, Barclays upgraded Inmarsat to an “equal weight” rating and reduced their price objective for the stock from GBX 695 ($9.35) to GBX 600 ($8.08) in a research report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 676.39 ($9.10).
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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