Inmarsat (ISAT) Earns “Buy” Rating from Deutsche Bank
Inmarsat (LON:ISAT)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a report released on Friday. They presently have a GBX 850 ($11.37) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 77.64% from the stock’s previous close.
A number of other brokerages also recently issued reports on ISAT. Jefferies Group decreased their price target on Inmarsat from GBX 1,245 ($16.65) to GBX 1,100 ($14.71) and set a “buy” rating for the company in a report on Friday, September 8th. Barclays decreased their price target on Inmarsat from GBX 755 ($10.09) to GBX 670 ($8.96) and set an “underweight” rating for the company in a report on Friday, September 15th. Berenberg Bank raised Inmarsat to a “hold” rating and decreased their price target for the company from GBX 680 ($9.09) to GBX 640 ($8.56) in a report on Thursday, November 2nd. decreased their price target on Inmarsat from GBX 820 ($10.96) to GBX 720 ($9.63) and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, Societe Generale reissued a “sell” rating and issued a GBX 520 ($6.95) price target on shares of Inmarsat in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 676.39 ($9.04).
Inmarsat (ISAT) opened at GBX 478.50 ($6.40) on Friday. Inmarsat has a twelve month low of GBX 439.25 ($5.87) and a twelve month high of GBX 865 ($11.57). The stock has a market capitalization of $2,190.00 and a P/E ratio of 1,367.14.
In other news, insider Abe Peled purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of GBX 636 ($8.50) per share, for a total transaction of £50,880 ($68,030.49). Also, insider Rupert Pearce purchased 19,260 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of GBX 519 ($6.94) per share, with a total value of £99,959.40 ($133,653.43). Insiders have purchased 30,260 shares of company stock valued at $16,433,940 over the last quarter.
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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