Cobham plc Given Sell Rating at Espirito Santo Investment Bank Research (COB)
Cobham plc (LON:COB)‘s stock had its “sell” rating reissued by research analysts at Espirito Santo Investment Bank Research in a report released on Friday. They currently have a GBX 260 ($4.35) target price on the stock. Espirito Santo Investment Bank Research’s price objective indicates a potential downside of 13.56% from the stock’s previous close.
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 Friday, August 15th. They now have a GBX 230 ($3.84) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Cobham plc in a research note on Monday, August 11th. They now have a GBX 300 ($5.02) 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 Friday, August 8th. They now have a GBX 310 ($5.18) price target on the stock. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Cobham plc has an average rating of “Hold” and a consensus target price of GBX 294.89 ($4.93).
Shares of Cobham plc (LON:COB) opened at 297.90 on Friday. Cobham plc has a 1-year low of GBX 254.00 and a 1-year high of GBX 329.20. The stock’s 50-day moving average is GBX 299.6 and its 200-day moving average is GBX 303.. The company’s market cap is £3.228 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Stockholders 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.
Cobham plc is engaged in offering a range of technologies and services for commercial, defence and security markets.
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