Jefferies Group LLC reissued their buy rating on shares of Inmarsat Plc (LON:ISAT) in a research note issued to investors on Friday morning. They currently have a GBX 1,100 ($14.47) price target on the stock.
Several other brokerages also recently issued reports on ISAT. Deutsche Bank AG reissued a buy rating and set a GBX 1,020 ($13.42) target price on shares of Inmarsat Plc in a research note on Monday, July 24th. HSBC Holdings plc cut their target price on shares of Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.92) and set a hold rating on the stock in a research note on Friday, July 21st. J P Morgan Chase & Co boosted their price target on shares of Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the company a neutral rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) lowered their price target on shares of Inmarsat Plc from GBX 960 ($12.63) to GBX 920 ($12.10) and set a buy rating on the stock in a report on Friday, July 14th. Finally, Credit Suisse Group restated an outperform rating and set a GBX 890 ($11.71) price target on shares of Inmarsat Plc in a report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 790 ($10.39).
Shares of Inmarsat Plc (ISAT) traded down GBX 8.50 ($0.11) during trading hours on Friday, reaching GBX 516.50 ($6.79). 1,540,000 shares of the company’s stock traded hands, compared to its average volume of 2,380,000. Inmarsat Plc has a 52 week low of GBX 497.70 ($6.55) and a 52 week high of GBX 865 ($11.38).
In related news, insider Simon Bax acquired 2,500 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of GBX 646 ($8.50) per share, with a total value of £16,150 ($21,241.62). Also, insider Rupert Pearce acquired 19,260 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of GBX 519 ($6.83) per share, with a total value of £99,959.40 ($131,473.63).
About Inmarsat Plc
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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