Cobham Upgraded to Buy at Liberum Capital (COB)
Cobham (LON:COB) was upgraded by equities researchers at Liberum Capital to a “buy” rating in a research report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a GBX 305 ($5.00) target price on the stock. Liberum Capital’s target price points to a potential upside of 9.71% from the stock’s previous close.
Cobham (LON:COB) traded up 0.11% on Tuesday, hitting GBX 278.00. 1,558,940 shares of the company’s stock traded hands. Cobham has a one year low of GBX 209.00 and a one year high of GBX 312.60. The stock has a 50-day moving average of GBX 267.4 and a 200-day moving average of GBX 280.2. The company’s market cap is £2.970 billion.
Several other analysts have also recently commented on the stock. Analysts at Natixis reiterated a “reduce” rating on shares of Cobham in a research note to investors on Monday, December 9th. They now have a GBX 240 ($3.94) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Cobham from GBX 270 ($4.43) to GBX 280 ($4.59) in a research note to investors on Thursday, December 5th. They now have a “hold” rating on the stock. Finally, analysts at Investec cut their price target on shares of Cobham from GBX 275 ($4.51) to GBX 230 ($3.77) in a research note to investors on Monday, November 11th. They now have a “sell” rating on the stock. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Cobham currently has an average rating of “Hold” and an average target price of GBX 266.57 ($4.37).
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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