Deutsche Bank reaffirmed their buy rating on shares of Inmarsat (LON:ISAT) in a report published on Friday, January 5th. The firm currently has a GBX 850 ($11.53) price objective on the stock.
A number of other equities analysts have also weighed in on ISAT. Jefferies Group dropped their target price on shares of Inmarsat from GBX 1,245 ($16.88) to GBX 1,100 ($14.92) and set a buy rating for the company in a research report on Friday, September 8th. Barclays lowered their price objective on shares of Inmarsat from GBX 755 ($10.24) to GBX 670 ($9.09) and set an underweight rating for the company in a research report on Friday, September 15th. Berenberg Bank upgraded shares of Inmarsat to a hold rating and lowered their price objective for the company from GBX 680 ($9.22) to GBX 640 ($8.68) in a research report on Thursday, November 2nd. lowered their price objective on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a hold rating for the company in a research report on Friday, November 3rd. Finally, Societe Generale reiterated a sell rating and set a GBX 520 ($7.05) price objective on shares of Inmarsat in a research report on Monday, November 6th. Three research 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’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 676.39 ($9.17).
Inmarsat (ISAT) opened at GBX 504.20 ($6.84) on Friday. Inmarsat has a 12-month low of GBX 439.25 ($5.96) and a 12-month high of GBX 865 ($11.73). The firm has a market cap of $2,310.00 and a price-to-earnings ratio of 1,440.57.
In other Inmarsat news, insider Pip McCrostie bought 2,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were bought at an average cost of GBX 443 ($6.01) per share, for a total transaction of £8,860 ($12,015.19). Also, insider Robert Kehler bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were acquired at an average price of GBX 464 ($6.29) per share, for a total transaction of £4,640 ($6,292.38). Insiders purchased a total of 30,260 shares of company stock worth $16,433,940 in the last ninety days.
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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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