Credit Suisse Group reaffirmed their outperform rating on shares of Inmarsat (LON:ISAT) in a research note released on Friday. Credit Suisse Group currently has a GBX 810 ($10.98) price objective on the stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank restated a buy rating and set a GBX 1,010 ($13.70) price target on shares of Inmarsat in a research report on Wednesday, October 11th. Societe Generale restated a sell rating and set a GBX 520 ($7.05) price target on shares of Inmarsat in a research report on Monday, November 6th. Jefferies Group restated a buy rating and set a GBX 1,100 ($14.92) price target on shares of Inmarsat in a research report on Friday, November 10th. Numis Securities restated a sell rating and set a GBX 400 ($5.42) price target on shares of Inmarsat in a research report on Wednesday, November 22nd. Finally, Goldman Sachs Group lowered Inmarsat to a neutral rating and reduced their price target for the stock from GBX 860 ($11.66) to GBX 580 ($7.87) in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 665 ($9.02).

Inmarsat (LON:ISAT) opened at GBX 478.30 ($6.49) on Friday. Inmarsat has a 1 year low of GBX 439.25 ($5.96) and a 1 year high of GBX 865 ($11.73). The stock has a market capitalization of $2,190.00 and a P/E ratio of 1,449.39.

In other news, insider Rupert Pearce bought 19,260 shares of the stock in a transaction dated Friday, November 10th. The stock was bought at an average price of GBX 519 ($7.04) per share, for a total transaction of £99,959.40 ($135,556.55). Also, insider Robert Kehler bought 1,000 shares of the stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average price of GBX 464 ($6.29) per share, with a total value of £4,640 ($6,292.38). Over the last quarter, insiders bought 30,260 shares of company stock worth $16,433,940.

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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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