Inmarsat (LON:ISAT)‘s stock had its “equal weight” rating restated by equities researchers at Barclays in a report released on Friday, February 9th. They presently have a GBX 570 ($7.88) price objective on the stock. Barclays’ price target suggests a potential upside of 27.12% from the company’s current price.
Other analysts have also recently issued research reports about the company. HSBC decreased their target price on Inmarsat from GBX 820 ($11.33) to GBX 720 ($9.95) and set a “hold” rating for the company in a report on Friday, November 3rd. decreased their target price on Inmarsat from GBX 820 ($11.33) to GBX 720 ($9.95) and set a “hold” rating for the company in a report on Friday, November 3rd. Credit Suisse Group reduced their price target on Inmarsat from GBX 890 ($12.30) to GBX 810 ($11.19) and set an “outperform” rating on the stock in a research report on Thursday, November 16th. Berenberg Bank reduced their price target on Inmarsat from GBX 640 ($8.84) to GBX 600 ($8.29) and set a “hold” rating on the stock in a research report on Wednesday, November 15th. Finally, Citigroup reduced their price target on Inmarsat from GBX 770 ($10.64) to GBX 530 ($7.32) and set a “neutral” rating on the stock in a research report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 665 ($9.19).
Inmarsat (ISAT) traded up GBX 16.90 ($0.23) on Friday, reaching GBX 448.40 ($6.20). The company’s stock had a trading volume of 2,091,534 shares, compared to its average volume of 2,250,000. The stock has a market cap of $2,040.00 and a PE ratio of 1,318.82. Inmarsat has a 52 week low of GBX 418.70 ($5.78) and a 52 week high of GBX 865 ($11.95).
In other news, insider Abe Peled bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of GBX 636 ($8.79) per share, with a total value of £50,880 ($70,295.66). Also, insider Robert Kehler bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were purchased at an average cost of GBX 464 ($6.41) per share, with a total value of £4,640 ($6,410.61). In the last three months, insiders bought 11,000 shares of company stock valued at $6,438,000.
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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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