Cobham Given New GBX 250 Price Target at Investec (COB)
Research analysts at Investec hoisted their target price on shares of Cobham (LON:COB) from GBX 230 ($3.79) to GBX 250 ($4.12) in a report released on Monday, American Banking News.com reports. The firm currently has a “sell” rating on the stock. Investec’s target price would indicate a potential downside of 14.82% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital upgraded shares of Cobham to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a GBX 305 ($5.03) price target on the stock. Separately, 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 ($3.96) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Cobham from GBX 270 ($4.45) to GBX 280 ($4.61) in a research note to investors on Thursday, December 5th. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 267.68 ($4.41).
Cobham (LON:COB) opened at 288.60 on Monday. Cobham has a 52-week low of GBX 209.00 and a 52-week high of GBX 312.60. The stock has a 50-day moving average of GBX 268.7 and a 200-day moving average of GBX 280.3. The company’s market cap is £3.083 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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