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Berenberg Bank initiated coverage on shares of Cobham plc (LON:COB) in a research note issued on Tuesday. The firm set a “hold” rating and a GBX 325 ($5.52) price target on the stock. Berenberg Bank’s target price suggests a potential downside of 0.60% from the company’s current price.

Shares of Cobham plc (LON:COB) traded up 0.57% on Tuesday, hitting GBX 319.60. The stock had a trading volume of 1,986,677 shares. Cobham plc has a 1-year low of GBX 254.00 and a 1-year high of GBX 329.20. The stock has a 50-day moving average of GBX 313.1 and a 200-day moving average of GBX 294.9. The company’s market cap is £3.416 billion.

COB has been the subject of a number of other recent research reports. Analysts at Investec raised their price target on shares of Cobham plc from GBX 300 ($5.09) to GBX 310 ($5.26) in a research note on Tuesday, June 10th. They now have a “reduce” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Cobham plc from GBX 285 ($4.84) to GBX 320 ($5.43) in a research note on Friday, May 30th. They now have a “hold” rating on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Cobham plc in a research note on Thursday, May 29th. They now have a GBX 270 ($4.58) price target on the stock. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Cobham plc has an average rating of “Hold” and an average target price of GBX 292.94 ($4.97).

Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.

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