Cobham plc Given New GBX 275 Price Target at Deutsche Bank (COB)
Research analysts at Deutsche Bank cut their price objective on shares of Cobham plc (LON:COB) from GBX 285 ($4.80) to GBX 275 ($4.63) in a report released on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 5.04% from the company’s current price.
Shares of Cobham plc (LON:COB) traded down 2.10% during mid-day trading on Friday, hitting GBX 289.50. The stock had a trading volume of 2,573,704 shares. Cobham plc has a 1-year low of GBX 227.50 and a 1-year high of GBX 329.20. The stock’s 50-day moving average is GBX 304.3 and its 200-day moving average is GBX 302.9. The company’s market cap is £3.133 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of GBX 2.90 ($0.05) per share. This represents a dividend yield of 0.98%. The ex-dividend date is Thursday, October 9th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of Cobham plc in a research note on Friday. They now have a GBX 270 ($4.54) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cobham plc in a research note on Thursday. They now have a GBX 350 ($5.89) price target on the stock. Finally, analysts at Investec reiterated a “reduce” rating on shares of Cobham plc in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus 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.
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