Shares of Inmarsat Plc (LON:ISAT) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 418.70 ($5.78) and last traded at GBX 431.98 ($5.97), with a volume of 3710000 shares. The stock had previously closed at GBX 451.70 ($6.24).

Several analysts have issued reports on the stock. Beaufort Securities reiterated a “hold” rating and issued a GBX 475 ($6.56) target price on shares of Inmarsat in a research note on Thursday, December 14th. lowered their target price on shares of Inmarsat from GBX 820 ($11.33) to GBX 720 ($9.95) and set a “hold” rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 825 ($11.40) target price on shares of Inmarsat in a research note on Friday, January 12th. HSBC lowered their target price on shares of Inmarsat from GBX 820 ($11.33) to GBX 720 ($9.95) and set a “hold” rating on the stock in a research note on Friday, November 3rd. Finally, Jefferies Group lowered their target price on shares of Inmarsat from GBX 1,100 ($15.20) to GBX 1,000 ($13.82) and set a “buy” rating on the stock in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 665 ($9.19).

The firm has a market cap of $1,980.00 and a PE ratio of 1,276.85.

In other Inmarsat news, insider Robert Kehler bought 1,000 shares of Inmarsat stock in a transaction that occurred on Wednesday, December 20th. The shares were bought at an average price of GBX 464 ($6.41) per share, with a total value of £4,640 ($6,410.61). Also, insider Abe Peled bought 8,000 shares of Inmarsat stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of GBX 636 ($8.79) per share, for a total transaction of £50,880 ($70,295.66). In the last 90 days, insiders have bought 11,000 shares of company stock worth $6,438,000.

ILLEGAL ACTIVITY NOTICE: This story was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://theolympiareport.com/2018/02/15/inmarsat-isat-hits-new-52-week-low-at-418-70.html.

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.

Receive News & Ratings for Inmarsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inmarsat and related companies with MarketBeat.com's FREE daily email newsletter.