Cobham plc Now Covered by Westhouse Securities (COB)
Equities research analysts at Westhouse Securities assumed coverage on shares of Cobham plc (LON:COB) in a research note issued to investors on Thursday. The firm set a “sell” rating and a GBX 230 ($3.90) price target on the stock. Westhouse Securities’ price target points to a potential downside of 28.44% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank initiated coverage on shares of Cobham plc in a research note on Tuesday. They set a “hold” rating and a GBX 325 ($5.52) price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Cobham plc currently has a consensus rating of “Hold” and an average target price of GBX 289.63 ($4.92).
Cobham plc (LON:COB) traded up 0.56% on Thursday, hitting GBX 321.40. 2,726,579 shares of the company’s stock traded hands. 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. and a 200-day moving average of GBX 295.5. The company’s market cap is £3.435 billion.
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
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