Cobham plc Stock Rating Reaffirmed by Societe Generale (COB)
Cobham plc (LON:COB)‘s stock had its “sell” rating restated by equities research analysts at Societe Generale in a research note issued to investors on Friday. They currently have a GBX 270 ($4.54) price objective on the stock. Societe Generale’s price objective indicates a potential downside of 6.77% 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. 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’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 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 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. Separately, analysts at Investec reiterated a “reduce” rating on shares of Cobham plc in a research note on Thursday. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Cobham plc in a research note on Thursday. They now have a GBX 320 ($5.38) price target on the stock. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock 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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