Cobham plc Given Average Recommendation of “Hold” by Brokerages (LON:COB)
Cobham plc (LON:COB) has received a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, American Banking News reports. Six investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 290.16 ($4.98).
Shares of Cobham plc (LON:COB) opened at 304.00 on Tuesday. Cobham plc has a 1-year low of GBX 254.00 and a 1-year high of GBX 329.20. The stock’s 50-day moving average is GBX 316.4 and its 200-day moving average is GBX 300.7. The company’s market cap is £3.249 billion.
A number of research firms have recently commented on COB. Analysts at Deutsche Bank raised their price target on shares of Cobham plc from GBX 275 ($4.72) to GBX 285 ($4.89) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Cobham plc in a research note on Tuesday. They now have a GBX 330 ($5.66) price target on the stock. Finally, analysts at Investec raised their price target on shares of Cobham plc from GBX 300 ($5.15) to GBX 310 ($5.32) in a research note on Tuesday, June 24th. They now have a “reduce” rating on the stock.
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
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