Cobham plc (COB) Rating Reiterated by Deutsche Bank AG
Cobham plc (LON:COB)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a research note issued to investors on Thursday. They currently have a GBX 113 ($1.43) price target on the stock. Deutsche Bank AG’s price target points to a potential downside of 18.53% from the company’s previous close.
A number of other research firms also recently issued reports on COB. Kepler Capital Markets lifted their price target on Cobham plc from GBX 120 ($1.52) to GBX 135 ($1.71) and gave the company a “hold” rating in a research note on Thursday, April 13th. Citigroup Inc. boosted their target price on Cobham plc from GBX 115 ($1.45) to GBX 143 ($1.81) and gave the stock a “neutral” rating in a research note on Friday, May 5th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a GBX 110 ($1.39) target price (up previously from GBX 76.47 ($0.97)) on shares of Cobham plc in a research note on Tuesday, May 9th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 125 ($1.58) target price on shares of Cobham plc in a research note on Friday, April 21st. Finally, Berenberg Bank boosted their target price on Cobham plc from GBX 132 ($1.67) to GBX 138 ($1.75) and gave the stock a “hold” rating in a research note on Friday, March 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Cobham plc currently has a consensus rating of “Hold” and an average price target of GBX 129 ($1.63).
Shares of Cobham plc (LON COB) traded up 7.19% on Thursday, reaching GBX 138.70. The company had a trading volume of 22,125,015 shares. Cobham plc has a 12 month low of GBX 102.50 and a 12 month high of GBX 177.80. The stock’s market cap is GBX 2.35 billion. The stock has a 50-day moving average price of GBX 135.80 and a 200-day moving average price of GBX 140.45.
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In other news, insider David Lockwood purchased 44,578 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of GBX 334 ($4.23) per share, with a total value of £148,890.52 ($188,349.80).
About Cobham plc
Cobham plc is a technology and services provider in commercial and defense and security markets. It operates in four segments. The Communications and Connectivity segment provides equipment and solutions to enable connectivity across a range of environments in aerospace, avionics, satellite and radio, wireless and mobile connectivity markets.
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