Inmarsat Plc (ISAT) Insider Abe Peled Purchases 8,000 Shares of Stock
Inmarsat Plc (LON:ISAT) insider Abe Peled acquired 8,000 shares of the 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).
Inmarsat Plc (LON ISAT) opened at GBX 473.69 ($6.23) on Thursday. Inmarsat Plc has a one year low of GBX 469.99 ($6.18) and a one year high of GBX 865 ($11.38).
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ISAT has been the subject of a number of research analyst reports. J P Morgan Chase & Co upped their target price on shares of Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the stock a “neutral” rating in a research note on Friday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 890 ($11.71) target price on shares of Inmarsat Plc in a research note on Friday, August 11th. Deutsche Bank AG reduced their target price on shares of Inmarsat Plc from GBX 1,020 ($13.42) to GBX 1,010 ($13.28) and set a “buy” rating for the company in a research note on Friday, August 11th. Numis Securities Ltd initiated coverage on shares of Inmarsat Plc in a research note on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.31) target price for the company. Finally, Jefferies Group LLC reduced their target price on shares of Inmarsat Plc from GBX 1,245 ($16.38) to GBX 1,100 ($14.47) and set a “buy” rating for the company in a research note on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 727.22 ($9.56).
About Inmarsat Plc
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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