Cobham plc (COB) PT Raised to GBX 185
Cobham plc (LON:COB) had its target price increased by investment analysts at JPMorgan Chase & Co. from GBX 165 ($2.04) to GBX 185 ($2.29) in a research report issued on Monday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 8.44% from the stock’s previous close.
Several other analysts also recently issued reports on the company. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 151.26 ($1.87) price objective on shares of Cobham plc in a report on Monday, June 27th. Morgan Stanley started coverage on Cobham plc in a report on Tuesday, September 27th. They set an “equal weight” rating and a GBX 170 ($2.10) price target for the company. BNP Paribas reduced their price target on Cobham plc from GBX 186 ($2.30) to GBX 140 ($1.73) and set a “neutral” rating for the company in a report on Tuesday, June 21st. Deutsche Bank AG reiterated a “hold” rating and set a GBX 154 ($1.91) price target (up previously from GBX 152 ($1.88)) on shares of Cobham plc in a report on Friday, June 24th. Finally, Berenberg Bank reduced their price target on Cobham plc from GBX 170 ($2.10) to GBX 160 ($1.98) and set a “sell” rating for the company in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Cobham plc presently has an average rating of “Hold” and a consensus price target of GBX 193.88 ($2.40).
Cobham plc (LON:COB) traded down 0.76% during mid-day trading on Monday, hitting GBX 170.60. The stock had a trading volume of 6,392,761 shares. The company’s market capitalization is GBX 2.31 billion. Cobham plc has a 52 week low of GBX 124.32 and a 52 week high of GBX 261.14. The stock’s 50-day moving average is GBX 167.50 and its 200 day moving average is GBX 159.28.
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The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 2.03 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 1.22%.
In related news, insider Nicholls,Simon sold 16,557 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of GBX 164 ($2.03), for a total value of £27,153.48 ($33,605.79).
Cobham plc Company Profile
Cobham plc is a United Kingdom-based company, which offers a range of technologies and services. The Company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. Its Communications and Connectivity segment provides aircraft and in-building communication equipment; satellite communication equipment for land, sea and air applications, and test and measurement instrumentation for radio frequency, cellular communications and wireless networking.
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