Insider Buying: Inmarsat Plc (ISAT) Insider Buys £99,959.40 in Stock

Inmarsat Plc (LON:ISAT) insider Rupert Pearce acquired 19,260 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of GBX 519 ($6.83) per share, for a total transaction of £99,959.40 ($131,473.63).

Shares of Inmarsat Plc (LON:ISAT) opened at GBX 525 ($6.91) on Monday. Inmarsat Plc has a 1 year low of GBX 497.70 ($6.55) and a 1 year high of GBX 865 ($11.38).

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A number of brokerages recently weighed in on ISAT. HSBC Holdings plc decreased their price objective on Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.92) and set a “hold” rating on the stock in a report on Friday, July 21st. J P Morgan Chase & Co raised their price objective on 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. Credit Suisse Group reissued an “outperform” rating and set a GBX 890 ($11.71) price objective on shares of Inmarsat Plc in a report on Friday, August 11th. Numis Securities Ltd began coverage on Inmarsat Plc in a report on Tuesday, September 5th. They set a “sell” rating and a GBX 480 ($6.31) price objective on the stock. Finally, Jefferies Group LLC decreased their price objective on Inmarsat Plc from GBX 1,245 ($16.38) to GBX 1,100 ($14.47) and set a “buy” rating on the stock in a report on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 790 ($10.39).

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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