Shares of Inmarsat Plc (LON:ISAT) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 567.60 ($7.42).
A number of equities research analysts have commented on ISAT shares. Barclays cut their target price on shares of Inmarsat from GBX 480 ($6.27) to GBX 450 ($5.88) and set an “equal weight” rating for the company in a research report on Monday, March 18th. Numis Securities reiterated a “hold” rating and set a GBX 546 ($7.13) price target on shares of Inmarsat in a research note on Friday, May 3rd. Deutsche Bank reiterated a “buy” rating and set a GBX 575 ($7.51) price target on shares of Inmarsat in a research note on Wednesday, May 1st. Berenberg Bank lifted their price target on shares of Inmarsat from GBX 465 ($6.08) to GBX 470 ($6.14) and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, Jefferies Financial Group dropped their price target on shares of Inmarsat from GBX 1,000 ($13.07) to GBX 890 ($11.63) and set a “buy” rating on the stock in a research note on Thursday, March 21st.
In other news, insider Tony Bates sold 7,105 shares of Inmarsat stock in a transaction on Monday, March 25th. The shares were sold at an average price of GBX 541 ($7.07), for a total transaction of £38,438.05 ($50,226.12).
Inmarsat Company Profile
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, and Enterprise. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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