Inmarsat Plc (ISAT) Rating Reiterated by Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of Inmarsat Plc (LON:ISAT) in a research report sent to investors on Friday. They currently have a GBX 1,100 ($14.47) price objective on the stock.
Several other research firms have also commented on ISAT. Deutsche Bank AG reissued a buy rating and issued a GBX 1,020 ($13.42) price target on shares of Inmarsat Plc in a research report on Monday, July 24th. HSBC Holdings plc reduced their price target on Inmarsat Plc from GBX 850 ($11.18) to GBX 830 ($10.92) and set a hold rating for the company in a research report on Friday, July 21st. J P Morgan Chase & Co boosted their price target on Inmarsat Plc from GBX 840 ($11.05) to GBX 850 ($11.18) and gave the stock a neutral rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reduced their target price on Inmarsat Plc from GBX 960 ($12.63) to GBX 920 ($12.10) and set a buy rating on the stock in a research report on Friday, July 14th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a GBX 890 ($11.71) target price on shares of Inmarsat Plc in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Inmarsat Plc currently has a consensus rating of Hold and an average price target of GBX 790 ($10.39).
Shares of Inmarsat Plc (LON:ISAT) opened at GBX 495.20 ($6.51) on Friday. Inmarsat Plc has a 1 year low of GBX 497.70 ($6.55) and a 1 year high of GBX 865 ($11.38).
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In other Inmarsat Plc news, insider Rupert Pearce purchased 19,260 shares of Inmarsat Plc stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of GBX 519 ($6.83) per share, with a total value of £99,959.40 ($131,473.63). Also, insider Simon Bax purchased 2,500 shares of Inmarsat Plc stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of GBX 646 ($8.50) per share, with a total value of £16,150 ($21,241.62).
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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