Cobham plc’s “Sell” Rating Reaffirmed at Westhouse Securities (COB)
Cobham plc (LON:COB)‘s stock had its “sell” rating reaffirmed by research analysts at Westhouse Securities in a report released on Thursday. They currently have a GBX 230 ($3.87) price target on the stock. Westhouse Securities’ price target would indicate a potential downside of 20.58% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Cobham plc in a research note on Tuesday, July 29th. They now have a GBX 330 ($5.55) price target on the stock. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 295.76 ($4.98).
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 one year low of GBX 227.50 and a one 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 announced a dividend, which is scheduled for Friday, November 7th. Investors 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.
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
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