Inmarsat Plc (ISAT) Insider Pip McCrostie Buys 2,000 Shares
Inmarsat Plc (LON:ISAT) insider Pip McCrostie purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of GBX 443 ($5.96) per share, with a total value of £8,860 ($11,924.63).
Shares of Inmarsat Plc (LON:ISAT) opened at GBX 443.17 ($5.96) on Friday. Inmarsat Plc has a twelve month low of GBX 439.25 ($5.91) and a twelve month high of GBX 865 ($11.64).
A number of equities analysts recently commented on ISAT shares. Deutsche Bank reaffirmed a “buy” rating and set a GBX 1,010 ($13.59) price target on shares of Inmarsat in a research note on Wednesday, October 11th. Societe Generale reaffirmed a “sell” rating and set a GBX 520 ($7.00) price target on shares of Inmarsat in a research note on Monday, November 6th. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,100 ($14.80) price target on shares of Inmarsat in a research note on Friday, November 10th. Numis Securities started coverage on shares of Inmarsat in a research note on Tuesday, September 5th. They set a “sell” rating and a GBX 480 ($6.46) price target for the company. Finally, Barclays raised shares of Inmarsat to an “equal weight” rating and dropped their price target for the stock from GBX 695 ($9.35) to GBX 600 ($8.08) in a research note on Friday, November 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 676.39 ($9.10).
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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