Inmarsat Plc (LON:ISAT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 561.50 ($7.39) and last traded at GBX 566.50 ($7.45), with a volume of 2925509 shares trading hands. The stock had previously closed at GBX 566.50 ($7.45).

ISAT has been the subject of several analyst reports. Societe Generale reissued a “sell” rating and set a GBX 520 ($6.84) price target on shares of Inmarsat Plc in a report on Monday. Numis Securities Ltd began coverage on shares of Inmarsat Plc in a research report on Tuesday, September 5th. They issued a “sell” rating and a GBX 480 ($6.31) price objective for the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,010 ($13.28) price objective on shares of Inmarsat Plc in a research report on Thursday, September 28th. Jefferies Group LLC lowered their price objective on shares of Inmarsat Plc from GBX 1,245 ($16.38) to GBX 1,100 ($14.47) and set a “buy” rating for the company in a research report on Friday, September 8th. Finally, HSBC Holdings plc lowered their price objective on shares of 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. Four 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 an average rating of “Hold” and an average price target of GBX 800.67 ($10.53).

In other Inmarsat Plc news, insider Simon Bax purchased 2,500 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average price of GBX 646 ($8.50) per share, for a total transaction of £16,150 ($21,241.62).

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Inmarsat Plc 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.

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