Inmarsat (LON:ISAT) was upgraded by Barclays to an “equal weight” rating in a research note issued to investors on Friday, November 17th. The firm currently has a GBX 600 ($8.08) target price on the stock, down from their prior target price of GBX 695 ($9.35). Barclays’ target price points to a potential upside of 26.02% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,010 ($13.59) target price on shares of Inmarsat in a report on Wednesday, October 11th. Jefferies Group reduced their target price on shares of Inmarsat from GBX 1,245 ($16.76) to GBX 1,100 ($14.80) and set a “buy” rating on the stock in a report on Friday, September 8th. Morgan Stanley reduced their target price on shares of Inmarsat from GBX 760 ($10.23) to GBX 620 ($8.34) and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. reduced their target price on shares of Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a “hold” rating on the stock in a report on Friday, November 3rd. Finally, reduced their target price on shares of Inmarsat from GBX 820 ($11.04) to GBX 720 ($9.69) and set a “hold” rating on the stock in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 721.67 ($9.71).
Inmarsat (ISAT) traded up GBX 0.80 ($0.01) during midday trading on Friday, hitting GBX 476.10 ($6.41). 3,611,787 shares of the stock traded hands, compared to its average volume of 4,860,000. Inmarsat has a twelve month low of GBX 467.30 ($6.29) and a twelve month high of GBX 865 ($11.64).
In related news, insider Abe Peled bought 8,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost of GBX 636 ($8.56) per share, for a total transaction of £50,880 ($68,479.14). Also, insider Rupert Pearce bought 19,260 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of GBX 519 ($6.99) per share, for a total transaction of £99,959.40 ($134,534.86). Insiders bought a total of 29,760 shares of company stock worth $16,698,940 over the last ninety days.
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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