Inmarsat (LON:ISAT) had its price target cut by Barclays from GBX 480 ($6.27) to GBX 450 ($5.88) in a research note published on Monday morning. They currently have an equal weight rating on the stock.

ISAT has been the topic of a number of other research reports. HSBC reduced their price objective on Inmarsat from GBX 500 ($6.53) to GBX 420 ($5.49) and set a hold rating on the stock in a research note on Friday, February 15th. Deutsche Bank reissued a buy rating on shares of Inmarsat in a research note on Thursday, January 17th. Numis Securities reissued a hold rating and issued a GBX 390 ($5.10) price objective on shares of Inmarsat in a research note on Monday, March 4th. Societe Generale boosted their target price on Inmarsat from GBX 440 ($5.75) to GBX 460 ($6.01) and gave the stock a hold rating in a research report on Monday, March 11th. Finally, Royal Bank of Canada restated a sector perform rating and set a GBX 625 ($8.17) target price on shares of Inmarsat in a research report on Wednesday, December 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Inmarsat currently has a consensus rating of Hold and an average target price of GBX 503.33 ($6.58).

Inmarsat stock opened at GBX 495.30 ($6.47) on Monday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 189.67. The firm has a market capitalization of $2.29 billion and a price-to-earnings ratio of 18.34. Inmarsat has a 52 week low of GBX 334.30 ($4.37) and a 52 week high of GBX 646 ($8.44).

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 2.29%. This is an increase from Inmarsat’s previous dividend of $0.08. Inmarsat’s payout ratio is presently 0.56%.

In other news, insider Rupert Pearce sold 49,709 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 429 ($5.61), for a total transaction of £213,251.61 ($278,651.00).

Inmarsat Company Profile

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.

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Analyst Recommendations for Inmarsat (LON:ISAT)

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