Cantor Fitzgerald Europe Reiterates Hold Rating for Cobham plc (COB)
Cobham plc (LON:COB)‘s stock had its “hold” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Thursday. They currently have a GBX 320 ($5.38) price objective on the stock. Cantor Fitzgerald Europe‘s price objective would indicate a potential upside of 10.50% from the stock’s previous close.
Shares of Cobham plc (LON:COB) traded down 2.10% on Thursday, hitting GBX 289.50. 2,573,704 shares of the company’s stock traded hands. Cobham plc has a 1-year low of GBX 227.50 and a 1-year high of GBX 329.20. The stock has a 50-day moving average of GBX 304.3 and a 200-day moving average of GBX 302.9. The company’s market cap is £3.133 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of GBX 2.90 ($0.05) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, October 9th.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Cobham plc in a research note on Thursday. They now have a GBX 230 ($3.87) price target on the stock. Separately, analysts at Natixis upgraded shares of Cobham plc to a “neutral” rating in a research note on Tuesday. They now have a GBX 300 ($5.05) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Cobham plc in a research note on Wednesday, July 30th. They now have a GBX 320 ($5.38) price target on the stock. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 295.76 ($4.98).
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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