Shares of Inmarsat Plc (LON:ISAT) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 630.88 ($8.72).
Several analysts have commented on the stock. Citigroup decreased their price objective on shares of Inmarsat from GBX 530 ($7.32) to GBX 430 ($5.94) and set a “neutral” rating for the company in a research note on Thursday. Deutsche Bank restated a “buy” rating and set a GBX 575 ($7.94) price objective (down from GBX 850 ($11.74)) on shares of Inmarsat in a research note on Monday, March 12th. Royal Bank of Canada decreased their price objective on shares of Inmarsat from GBX 825 ($11.40) to GBX 725 ($10.02) and set an “outperform” rating for the company in a research note on Wednesday. Barclays reaffirmed an “equal weight” rating and set a GBX 570 ($7.88) target price on shares of Inmarsat in a report on Friday, February 9th. Finally, Morgan Stanley cut their target price on shares of Inmarsat from GBX 550 ($7.60) to GBX 500 ($6.91) and set an “equal weight” rating for the company in a report on Tuesday, March 13th.
In related news, insider Robert Kehler purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average price of GBX 464 ($6.41) per share, with a total value of £4,640 ($6,410.61).
Shares of Inmarsat (ISAT) traded up GBX 13.90 ($0.19) during midday trading on Friday, reaching GBX 400.60 ($5.53). 7,128,695 shares of the company’s stock traded hands, compared to its average volume of 2,850,000. Inmarsat has a twelve month low of GBX 381.20 ($5.27) and a twelve month high of GBX 865 ($11.95). The firm has a market cap of $1,810.00 and a PE ratio of 1,381.38.
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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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