Cobham plc Upgraded to Reduce at Investec (COB)
Cobham plc (LON:COB) was upgraded by research analysts at Investec to a “reduce” rating in a report released on Friday. The firm currently has a GBX 300 ($5.05) price objective on the stock, up from their previous price objective of GBX 285 ($4.79). Investec’s target price suggests a potential downside of 2.82% from the stock’s previous close.
A number of other firms have also recently commented on COB. Analysts at Societe Generale reiterated a “sell” rating on shares of Cobham plc in a research note on Wednesday. They now have a GBX 270 ($4.54) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cobham plc in a research note on Tuesday. They now have a GBX 290 ($4.88) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Cobham plc in a research note on Monday, May 12th. They now have a GBX 290 ($4.88) price target on the stock. Five equities 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 company presently has a consensus rating of “Hold” and a consensus price target of GBX 288.41 ($4.85).
Cobham plc (LON:COB) opened at 310.11 on Friday. Cobham plc has a one year low of GBX 254.00 and a one year high of GBX 324.70. The stock’s 50-day moving average is GBX 301.6 and its 200-day moving average is GBX 288.7. The company’s market cap is £3.315 billion.
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
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