Inmarsat (LON:ISAT) had its price target trimmed by Barclays from GBX 600 ($8.14) to GBX 570 ($7.73) in a research note issued to investors on Friday. The firm currently has an equal weight rating on the stock.

Other analysts also recently issued research reports about the stock. Deutsche Bank reaffirmed a buy rating and issued a GBX 1,010 ($13.70) price target on shares of Inmarsat in a report on Thursday, September 28th. Berenberg Bank raised shares of Inmarsat to a hold rating and reduced their price target for the company from GBX 680 ($9.22) to GBX 640 ($8.68) in a report on Thursday, November 2nd. reduced their price target on shares of Inmarsat from GBX 820 ($11.12) to GBX 720 ($9.76) and set a hold rating on the stock in a report on Friday, November 3rd. Societe Generale reaffirmed a sell rating and issued a GBX 520 ($7.05) price target on shares of Inmarsat in a report on Monday, November 6th. Finally, Jefferies Group reaffirmed a buy rating and issued a GBX 1,100 ($14.92) price target on shares of Inmarsat in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 665 ($9.02).

Shares of Inmarsat (LON ISAT) traded up GBX 11.70 ($0.16) on Friday, reaching GBX 514.10 ($6.97). 1,164,384 shares of the company’s stock traded hands, compared to its average volume of 2,520,000. Inmarsat has a one year low of GBX 439.25 ($5.96) and a one year high of GBX 865 ($11.73). The firm has a market capitalization of $2,340.00 and a price-to-earnings ratio of 1,512.06.

In related news, insider Rupert Pearce purchased 19,260 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of GBX 519 ($7.04) per share, with a total value of £99,959.40 ($135,556.55). Also, insider Pip McCrostie purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of GBX 443 ($6.01) per share, with a total value of £8,860 ($12,015.19). Insiders have purchased 30,260 shares of company stock valued at $16,433,940 in the last ninety days.

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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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