Inmarsat Plc (LON:ISAT) has been given an average rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 665 ($9.02).
ISAT has been the topic of a number of recent analyst reports. HSBC dropped their price target on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating on the stock in a report on Friday, November 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 810 ($10.98) price target on shares of Inmarsat in a report on Friday. dropped their price target on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating on the stock in a report on Friday, November 3rd. Barclays dropped their price target on shares of Inmarsat from GBX 600 ($8.14) to GBX 570 ($7.73) and set an “equal weight” rating on the stock in a report on Friday, January 19th. Finally, Citigroup dropped their price target on shares of Inmarsat from GBX 770 ($10.44) to GBX 530 ($7.19) and set a “neutral” rating on the stock in a report on Friday, November 17th.
In other Inmarsat news, insider Abe Peled acquired 8,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of GBX 636 ($8.62) per share, for a total transaction of £50,880 ($68,999.19). Also, insider Robert Kehler acquired 1,000 shares of the stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average price of GBX 464 ($6.29) per share, for a total transaction of £4,640 ($6,292.38). Insiders bought a total of 30,260 shares of company stock worth $16,433,940 in the last quarter.
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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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