UBS AG Downgrades Cobham to Neutral (COB)
Cobham (LON:COB) was downgraded by stock analysts at UBS AG to a “neutral” rating in a report issued on Monday, Stock Ratings Network reports.
A number of other analysts have also recently weighed in on COB. Analysts at Investec raised their price target on shares of Cobham from GBX 230 ($3.79) to GBX 250 ($4.12) in a research note to investors on Monday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Cobham has an average rating of “Hold” and an average target price of GBX 265.49 ($4.38).
Shares of Cobham (LON:COB) traded down 1.57% on Monday, hitting GBX 288.90. 1,735,180 shares of the company’s stock traded hands. Cobham has a 1-year low of GBX 209.00 and a 1-year high of GBX 312.60. The stock has a 50-day moving average of GBX 269.6 and a 200-day moving average of GBX 280.8. The company’s market cap is £3.086 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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