Inmarsat Plc (LON:ISAT) insider Robert Kehler bought 1,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of GBX 464 ($6.29) per share, with a total value of £4,640 ($6,292.38).
Shares of Inmarsat Plc (LON:ISAT) traded up GBX 24.60 ($0.33) during mid-day trading on Friday, reaching GBX 528.80 ($7.17). 7,403,416 shares of the company’s stock were exchanged, compared to its average volume of 4,060,000. The company has a market cap of $2,420.00 and a P/E ratio of 1,510.86. Inmarsat Plc has a twelve month low of GBX 439.25 ($5.96) and a twelve month high of GBX 865 ($11.73).
A number of equities analysts recently weighed in on the stock. Beaufort Securities restated a “hold” rating and issued a GBX 475 ($6.44) price objective on shares of Inmarsat in a report on Thursday, December 14th. decreased 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 report on Friday, November 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 825 ($11.19) target price on shares of Inmarsat in a research report on Friday. HSBC cut their target price 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, Jefferies Group cut their target price on shares of Inmarsat from GBX 1,100 ($14.92) to GBX 1,000 ($13.56) and set a “buy” rating for the company in a research report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Inmarsat presently has an average rating of “Hold” and an average price target of GBX 666.67 ($9.04).
ILLEGAL ACTIVITY NOTICE: “Robert Kehler Buys 1,000 Shares of Inmarsat Plc (LON:ISAT) Stock” was published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thelincolnianonline.com/2018/01/13/robert-kehler-acquires-1000-shares-of-inmarsat-plc-isat-stock-updated-updated.html.
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.
Receive News & Ratings for Inmarsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat and related companies with MarketBeat.com's FREE daily email newsletter.