Inmarsat Plc (ISAT) Hits New 12-Month Low at $576.50

Inmarsat Plc (LON:ISAT) hit a new 52-week low during trading on Friday . The company traded as low as GBX 576.50 ($7.61) and last traded at GBX 589.50 ($7.78), with a volume of 3,152,615 shares changing hands. The stock had previously closed at GBX 613.50 ($8.10).

ISAT has been the subject of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,010 ($13.33) target price on shares of Inmarsat Plc in a research report on Wednesday, October 11th. Numis Securities Ltd initiated coverage on shares of Inmarsat Plc in a research report on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.33) target price for the company. Barclays PLC reduced their target price on shares of Inmarsat Plc from GBX 755 ($9.96) to GBX 670 ($8.84) and set an “underweight” rating for the company in a research report on Friday, September 15th. Berenberg Bank reiterated a “sell” rating and issued a GBX 710 ($9.37) target price on shares of Inmarsat Plc in a research report on Tuesday, July 4th. Finally, HSBC Holdings plc reduced their target price on shares of Inmarsat Plc from GBX 850 ($11.22) to GBX 830 ($10.95) and set a “hold” rating for the company in a research report on Friday, July 21st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 833.57 ($11.00).



The stock has a 50 day moving average of GBX 631.91 and a 200-day moving average of GBX 742.23. The stock’s market capitalization is GBX 2.68 billion.

The company also recently announced a dividend, which was paid on Friday, October 20th. Investors of record on Thursday, September 14th were paid a $0.22 dividend. This represents a yield of 2.26%. The ex-dividend date was Thursday, September 14th.

In other news, insider Simon Bax bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of GBX 646 ($8.52) per share, with a total value of £16,150 ($21,311.69).

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About Inmarsat Plc

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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