Inmarsat (ISAT) Receives “Hold” Rating from Beaufort Securities

Inmarsat (LON:ISAT)‘s stock had its “hold” rating reissued by equities research analysts at Beaufort Securities in a research report issued on Thursday. They presently have a GBX 475 ($6.39) price target on the stock. Beaufort Securities’ price objective indicates a potential upside of 5.49% from the stock’s current price.

Several other research firms also recently commented on ISAT. Numis Securities assumed coverage on shares of Inmarsat in a research report on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.46) price target for the company. Jefferies Group reduced their price target on shares of Inmarsat from GBX 1,245 ($16.76) to GBX 1,100 ($14.80) and set a “buy” rating for the company in a research report on Friday, September 8th. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,010 ($13.59) price target on shares of Inmarsat in a research report on Wednesday, October 11th. Barclays reduced their price target on shares of Inmarsat from GBX 755 ($10.16) to GBX 670 ($9.02) and set an “underweight” rating for the company in a research report on Friday, September 15th. Finally, Berenberg Bank upgraded shares of Inmarsat to a “hold” rating and reduced their price target for the company from GBX 680 ($9.15) to GBX 640 ($8.61) in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 676.39 ($9.10).

Shares of Inmarsat (LON ISAT) opened at GBX 450.30 ($6.06) on Thursday. Inmarsat has a 12-month low of GBX 442 ($5.95) and a 12-month high of GBX 865 ($11.64).

In related news, insider Abe Peled purchased 8,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of GBX 636 ($8.56) per share, with a total value of £50,880 ($68,479.14). Also, insider Rupert Pearce purchased 19,260 shares of the stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of GBX 519 ($6.99) per share, for a total transaction of £99,959.40 ($134,534.86).

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About Inmarsat

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.

Analyst Recommendations for Inmarsat (LON:ISAT)

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