Inmarsat Plc (ISAT) Receives Average Rating of “Hold” from Brokerages
Inmarsat Plc (LON:ISAT) has earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 676.39 ($9.04).
A number of equities analysts have recently commented on the stock. HSBC cut their target price on shares of Inmarsat from GBX 820 ($10.96) to GBX 720 ($9.63) and set a “hold” rating on the stock in a research note on Friday, November 3rd. cut their target price on shares of Inmarsat from GBX 820 ($10.96) to GBX 720 ($9.63) and set a “hold” rating on the stock in a research note on Friday, November 3rd. Barclays lowered their price target on shares of Inmarsat from GBX 755 ($10.09) to GBX 670 ($8.96) and set an “underweight” rating for the company in a report on Friday, September 15th. Berenberg Bank lowered their price target on shares of Inmarsat from GBX 640 ($8.56) to GBX 600 ($8.02) and set a “hold” rating for the company in a report on Wednesday, November 15th. Finally, Credit Suisse Group lowered their price target on shares of Inmarsat from GBX 890 ($11.90) to GBX 810 ($10.83) and set an “outperform” rating for the company in a report on Thursday, November 16th.
In other news, insider Pip McCrostie bought 2,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of GBX 443 ($5.92) per share, with a total value of £8,860 ($11,846.50). Also, insider Robert Kehler bought 1,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average cost of GBX 464 ($6.20) per share, for a total transaction of £4,640 ($6,204.04). Insiders purchased a total of 30,260 shares of company stock worth $16,433,940 over the last quarter.
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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