Inmarsat (LON:ISAT) Given “Buy” Rating at Jefferies Group

Jefferies Group restated their buy rating on shares of Inmarsat (LON:ISAT) in a research report sent to investors on Friday, November 10th. Jefferies Group currently has a GBX 1,100 ($14.73) target price on the stock.

A number of other brokerages have also weighed in on ISAT. Deutsche Bank restated a buy rating and issued a GBX 1,010 ($13.53) target price on shares of Inmarsat in a research note on Wednesday, October 11th. Goldman Sachs Group lowered their target price on Inmarsat from GBX 960 ($12.86) to GBX 920 ($12.32) and set a buy rating for the company in a research note on Friday, July 14th. lowered their target price on Inmarsat from GBX 820 ($10.98) to GBX 720 ($9.64) and set a hold rating for the company in a research note on Friday, November 3rd. Berenberg Bank upgraded Inmarsat to a hold rating and decreased their price target for the company from GBX 680 ($9.11) to GBX 640 ($8.57) in a report on Thursday, November 2nd. Finally, J P Morgan Chase & Co raised their price target on Inmarsat from GBX 840 ($11.25) to GBX 850 ($11.38) and gave the company a neutral rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 727.22 ($9.74).

Inmarsat (LON ISAT) traded up GBX 6.30 ($0.08) during trading on Friday, reaching GBX 483.90 ($6.48). The company’s stock had a trading volume of 4,127,534 shares, compared to its average volume of 3,060,000. Inmarsat has a 1 year low of GBX 469.99 ($6.29) and a 1 year high of GBX 865 ($11.58).

In other news, insider Abe Peled bought 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of GBX 636 ($8.52) per share, with a total value of £50,880 ($68,139.82). Also, insider Rupert Pearce bought 19,260 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of GBX 519 ($6.95) per share, for a total transaction of £99,959.40 ($133,868.22). In the last 90 days, insiders have acquired 29,760 shares of company stock worth $16,698,940.

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Inmarsat Company Profile

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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