Inmarsat (LON:ISAT) had its price target reduced by equities researchers at Barclays from GBX 600 ($8.14) to GBX 570 ($7.73) in a research note issued to investors on Friday. The firm presently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 13.46% from the stock’s current price.
Several other analysts also recently weighed in on ISAT. HSBC decreased their target price on Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating for the company in a research note on Friday, November 3rd. decreased their target price on Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a “hold” rating for the company in a research note on Friday, November 3rd. Deutsche Bank restated a “buy” rating and set a GBX 1,010 ($13.70) target price on shares of Inmarsat in a research note on Thursday, September 28th. Royal Bank of Canada restated an “outperform” rating and set a GBX 825 ($11.19) target price on shares of Inmarsat in a research note on Friday, January 12th. Finally, Numis Securities restated a “sell” rating and set a GBX 400 ($5.42) target price on shares of Inmarsat in a research note on Monday, January 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 665 ($9.02).
Shares of Inmarsat (LON ISAT) traded down GBX 2.40 ($0.03) during trading hours on Friday, reaching GBX 502.40 ($6.81). The company had a trading volume of 4,566,348 shares, 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 company has a market cap of $2,300.00 and a P/E ratio of 1,477.65.
In related news, insider Pip McCrostie bought 2,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of GBX 443 ($6.01) per share, with a total value of £8,860 ($12,015.19). Also, insider Robert Kehler bought 1,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was bought at an average cost of GBX 464 ($6.29) per share, with a total value of £4,640 ($6,292.38). Insiders acquired a total of 30,260 shares of company stock valued at $16,433,940 in the last quarter.
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Inmarsat Company Profile
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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