Cobham plc Price Target Raised to GBX 350 at Jefferies Group (COB)
Analysts at Jefferies Group lifted their target price on shares of Cobham plc (LON:COB) from GBX 290 ($4.96) to GBX 350 ($5.98) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 16.59% from the company’s current price.
COB has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Cobham plc in a research note on Tuesday. They now have a GBX 230 ($3.93) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Cobham plc in a research note on Monday, July 21st. They now have a GBX 340 ($5.81) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Cobham plc in a research note on Tuesday, July 15th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 294.33 ($5.03).
Shares of Cobham plc (LON:COB) traded down 0.33% during mid-day trading on Wednesday, hitting GBX 300.20. The stock had a trading volume of 1,344,175 shares. Cobham plc has a 52-week low of GBX 227.50 and a 52-week high of GBX 329.20. The stock’s 50-day moving average is GBX 312.7 and its 200-day moving average is GBX 302.6. The company’s market cap is £3.209 billion.
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
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