Inmarsat Plc (ISAT) Given Average Rating of “Hold” by Brokerages

Shares of Inmarsat Plc (LON:ISAT) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 665 ($9.19).

Several brokerages have weighed in on ISAT. Barclays restated an “equal weight” rating and issued a GBX 570 ($7.88) target price on shares of Inmarsat in a research note on Friday, February 9th. Credit Suisse Group restated an “outperform” rating and issued a GBX 810 ($11.19) target price on shares of Inmarsat in a research note on Friday, January 26th. Numis Securities restated a “sell” rating and issued a GBX 400 ($5.53) target price on shares of Inmarsat in a research note on Monday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 825 ($11.40) price target on shares of Inmarsat in a report on Friday, January 12th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 850 ($11.74) price target on shares of Inmarsat in a report on Friday, January 5th.

In other Inmarsat news, insider Pip McCrostie bought 2,000 shares of Inmarsat stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of GBX 443 ($6.12) per share, with a total value of £8,860 ($12,240.95). Also, insider Robert Kehler bought 1,000 shares of Inmarsat stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average cost of GBX 464 ($6.41) per share, with a total value of £4,640 ($6,410.61).

Shares of Inmarsat (LON ISAT) traded down GBX 19.70 ($0.27) on Wednesday, reaching GBX 459 ($6.34). 2,170,000 shares of the company’s stock traded hands, compared to its average volume of 2,180,000. The firm has a market capitalization of $2,100.00 and a P/E ratio of 1,350.00. Inmarsat has a 52 week low of GBX 418.70 ($5.78) and a 52 week high of GBX 865 ($11.95).

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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.

Analyst Recommendations for Inmarsat (LON:ISAT)

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