Inmarsat (ISAT) Given New GBX 570 Price Target at Barclays

Inmarsat (LON:ISAT) had its target price decreased by research analysts at Barclays from GBX 600 ($8.14) to GBX 570 ($7.73) in a note issued to investors on Friday. The brokerage currently has an “equal weight” rating on the stock. Barclays’ target price points to a potential upside of 13.46% from the stock’s previous close.

ISAT has been the topic of a number of other research reports. Beaufort Securities restated a “hold” rating and set a GBX 475 ($6.44) target price on shares of Inmarsat in a research report on Thursday, December 14th. decreased their target price 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. Royal Bank of Canada restated an “outperform” rating and set a GBX 825 ($11.19) target price on shares of Inmarsat in a research report on Friday, January 12th. HSBC decreased their target price 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. Finally, Jefferies Group decreased their price target on shares of Inmarsat from GBX 1,100 ($14.92) to GBX 1,000 ($13.56) and set a “buy” rating on the stock in a report on Friday, December 1st. Three equities research 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’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 665 ($9.02).

Shares of Inmarsat (LON:ISAT) traded down GBX 2.40 ($0.03) during midday trading on Friday, reaching GBX 502.40 ($6.81). 4,566,348 shares of the company were exchanged, compared to its average volume of 2,550,000. Inmarsat has a 1 year low of GBX 439.25 ($5.96) and a 1 year high of GBX 865 ($11.73). The firm has a market capitalization of $2,300.00 and a price-to-earnings ratio of 1,477.65.

In other news, insider Rupert Pearce purchased 19,260 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of GBX 519 ($7.04) per share, with a total value of £99,959.40 ($135,556.55). Also, insider Abe Peled purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of GBX 636 ($8.62) per share, for a total transaction of £50,880 ($68,999.19). Insiders have purchased a total of 30,260 shares of company stock worth $16,433,940 in the last ninety days.

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About Inmarsat

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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