Cobham Given “Hold” Rating at Cantor Fitzgerald Europe (COB)
Cobham (LON:COB)‘s stock had its “hold” rating restated by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Tuesday, American Banking News.com reports. They currently have a GBX 280 ($4.61) target price on the stock. Cantor Fitzgerald Europe’s price target suggests a potential downside of 4.92% from the stock’s previous close.
A number of other analysts have also recently weighed in on COB. Analysts at UBS AG downgraded shares of Cobham to a “neutral” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 265.49 ($4.38).
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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