Cobham Given New GBX 285 Price Target at Citigroup Inc. (COB)
Stock analysts at Citigroup Inc. hoisted their target price on shares of Cobham (LON:COB) from GBX 250 ($4.04) to GBX 285 ($4.61) in a report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 0.42% from the stock’s previous close.
Cobham (LON:COB) traded up 0.04% during mid-day trading on Monday, hitting GBX 283.80. 1,012,244 shares of the company’s stock traded hands. Cobham has a 52 week low of GBX 186.50 and a 52 week high of GBX 312.60. The stock has a 50-day moving average of GBX 285.2 and a 200-day moving average of GBX 278.6. The company’s market cap is £3.032 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cobham in a research note to investors on Monday, October 21st. They now have a GBX 310 ($5.02) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Cobham in a research note to investors on Tuesday, October 15th. They now have a GBX 290 ($4.69) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Cobham in a research note to investors on Friday, October 11th. They now have a GBX 290 ($4.69) price target on the stock. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Cobham currently has an average rating of “Hold” and a consensus target price of GBX 271.14 ($4.39).
Cobham plc operates in four segments: Cobham Aerospace and Security, which provides avionics and communication equipment, law enforcement and national security solutions, and satellite communication equipment for land, sea and air applications; Cobham Defence Systems, which provides technology for network centric and intelligence operations, moving information around the digital battlefield with solutions for people and systems to communicate on land, sea and air; Cobham Mission Systems, which provides safety and survival systems for extreme environments, nose-to-tail refuelling systems and wing-tip to wing-tip mission systems for fast jets, transport aircraft and rotor craft, and Cobham Aviation Services, which delivers outsourced aviation services for military and civil customers through military training, special mission flight operations, and aircraft engineering.
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