Cobham Rating Reiterated by JPMorgan Chase & Co. (COB)
Cobham (LON:COB)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Monday, StockRatingsNetwork.com reports. They currently have a GBX 310 ($5.02) target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 9.23% from the stock’s previous close.
A number of other firms have also recently commented on COB. 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. Separately, 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. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Cobham in a research note to investors on Friday, October 11th. They now have a GBX 305 ($4.93) price target on the stock. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 271.14 ($4.39).
Shares of 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 one year low of GBX 186.50 and a one year 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.
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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