Rupert Pearce Purchases 19,260 Shares of Inmarsat Plc (ISAT) Stock

Inmarsat Plc (LON:ISAT) insider Rupert Pearce purchased 19,260 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of GBX 519 ($6.83) per share, for a total transaction of £99,959.40 ($131,473.63).

Shares of Inmarsat Plc (LON ISAT) opened at GBX 525 ($6.91) on Friday. Inmarsat Plc has a 1-year low of GBX 497.70 ($6.55) and a 1-year high of GBX 865 ($11.38).

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A number of equities analysts recently weighed in on ISAT shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,010 ($13.28) price target on shares of Inmarsat Plc in a research note on Monday, September 18th. Barclays PLC decreased their price objective on Inmarsat Plc from GBX 755 ($9.93) to GBX 670 ($8.81) and set an “underweight” rating for the company in a research report on Friday, September 15th. Berenberg Bank upgraded Inmarsat Plc to a “hold” rating and decreased their price objective for the stock from GBX 680 ($8.94) to GBX 640 ($8.42) in a research report on Thursday, November 2nd. J P Morgan Chase & Co decreased their price objective on Inmarsat Plc from GBX 740 ($9.73) to GBX 690 ($9.08) and set a “neutral” rating for the company in a research report on Friday. Finally, HSBC Holdings plc decreased their price objective on Inmarsat Plc from GBX 820 ($10.79) to GBX 720 ($9.47) and set a “hold” rating for the company in a research report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Inmarsat Plc presently has an average rating of “Hold” and a consensus price target of GBX 790 ($10.39).

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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