Inmarsat’s (ISAT) “Sell” Rating Reaffirmed at Numis Securities

Inmarsat (LON:ISAT)‘s stock had its “sell” rating reaffirmed by equities researchers at Numis Securities in a research note issued on Monday. They presently have a GBX 400 ($5.42) price objective on the stock. Numis Securities’ target price would indicate a potential downside of 25.21% from the company’s current price.

Several other analysts also recently commented on ISAT. Deutsche Bank restated a “buy” rating and set a GBX 1,010 ($13.70) price objective on shares of Inmarsat in a research report on Monday, September 18th. Berenberg Bank upgraded shares of Inmarsat to a “hold” rating and decreased their price objective for the company from GBX 680 ($9.22) to GBX 640 ($8.68) in a research report on Thursday, November 2nd. decreased their price objective on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating on the stock in a research report on Friday, November 3rd. Societe Generale restated a “sell” rating and set a GBX 520 ($7.05) price objective on shares of Inmarsat in a research report on Monday, November 6th. Finally, Jefferies Group restated a “buy” rating and set a GBX 1,100 ($14.92) price objective on shares of Inmarsat in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 666.67 ($9.04).

Inmarsat (ISAT) opened at GBX 534.80 ($7.25) on Monday. Inmarsat has a 52-week low of GBX 439.25 ($5.96) and a 52-week high of GBX 865 ($11.73). The firm has a market cap of $2,420.00 and a P/E ratio of 1,528.00.

In other news, insider Pip McCrostie purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of GBX 443 ($6.01) per share, with a total value of £8,860 ($12,015.19). Also, insider Robert Kehler purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were purchased at an average cost of GBX 464 ($6.29) per share, with a total value of £4,640 ($6,292.38). Over the last ninety days, insiders have purchased 30,260 shares of company stock valued at $16,433,940.

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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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