Inmarsat Plc (ISAT) Earns Sell Rating from Societe Generale

Inmarsat Plc (LON:ISAT)‘s stock had its “sell” rating reissued by stock analysts at Societe Generale in a research note issued on Monday, November 6th. They presently have a GBX 520 ($6.84) price target on the stock. Societe Generale’s target price would indicate a potential upside of 7.95% from the stock’s current price.

ISAT has been the topic of several other reports. Numis Securities Ltd initiated coverage on shares of Inmarsat in a report on Tuesday, September 5th. They set a “sell” rating and a GBX 480 ($6.31) price objective on the stock. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,010 ($13.28) price objective on shares of Inmarsat in a report on Thursday, September 28th. Jefferies Group LLC cut their price objective on shares of Inmarsat from GBX 1,245 ($16.38) to GBX 1,100 ($14.47) and set a “buy” rating on the stock in a report on Friday, September 8th. cut their price target on shares of Inmarsat from GBX 850 ($11.18) to GBX 830 ($10.92) and set a “hold” rating on the stock in a report on Friday, July 21st. Finally, Berenberg Bank raised shares of Inmarsat to a “hold” rating and cut their price target for the stock from GBX 680 ($8.94) to GBX 640 ($8.42) in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 727.22 ($9.56).

Shares of Inmarsat (ISAT) traded down GBX 0.50 ($0.01) during trading hours on Monday, hitting GBX 481.70 ($6.34). 1,739,284 shares of the stock were exchanged, compared to its average volume of 2,980,000. Inmarsat has a fifty-two week low of GBX 469.99 ($6.18) and a fifty-two week high of GBX 865 ($11.38).

In other Inmarsat news, insider Rupert Pearce acquired 19,260 shares of the company’s 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 Abe Peled acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of GBX 636 ($8.37) per share, with a total value of £50,880 ($66,920.95). Insiders have bought 29,760 shares of company stock valued at $16,698,940 in the last three months.

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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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