Inmarsat Plc (ISAT) Earns Sell Rating from Numis Securities Ltd
Numis Securities Ltd reissued their sell rating on shares of Inmarsat Plc (LON:ISAT) in a research note released on Wednesday. Numis Securities Ltd currently has a GBX 400 ($5.26) price target on the stock.
A number of other equities analysts have also recently issued reports on the company. Citigroup Inc. decreased their target price on Inmarsat Plc from GBX 770 ($10.13) to GBX 530 ($6.97) and set a neutral rating on the stock in a report on Friday, November 17th. Barclays PLC upgraded Inmarsat Plc to an equal weight rating and decreased their target price for the stock from GBX 695 ($9.14) to GBX 600 ($7.89) in a report on Friday, November 17th. Deutsche Bank AG decreased their target price on Inmarsat Plc from GBX 1,010 ($13.28) to GBX 850 ($11.18) and set a buy rating on the stock in a report on Thursday, November 16th. Credit Suisse Group decreased their target price on Inmarsat Plc from GBX 890 ($11.71) to GBX 810 ($10.65) and set an outperform rating on the stock in a report on Thursday, November 16th. Finally, HSBC Holdings PLC decreased their target price on Inmarsat Plc from GBX 720 ($9.47) to GBX 570 ($7.50) and set a hold rating on the stock in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 727.22 ($9.56).
Inmarsat Plc (LON ISAT) opened at GBX 481.70 ($6.34) on Wednesday. Inmarsat Plc has a 1 year low of GBX 469.99 ($6.18) and a 1 year high of GBX 865 ($11.38).
In other news, insider Abe Peled acquired 8,000 shares of Inmarsat Plc stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of GBX 636 ($8.37) per share, with a total value of £50,880 ($66,920.95). Also, insider Rupert Pearce acquired 19,260 shares of Inmarsat Plc 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, with a total value of £99,959.40 ($131,473.63). In the last three months, insiders have purchased 29,760 shares of company stock valued at $16,698,940.
Inmarsat Plc 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.
Receive News & Ratings for Inmarsat Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat Plc and related companies with Analyst Ratings Network's FREE daily email newsletter.