Cobham plc (LON:COB) Given Average Recommendation of “Hold” by Brokerages
Cobham plc (LON:COB) has received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 129.33 ($1.67).
Several equities analysts have recently weighed in on COB shares. Liberum Capital reaffirmed a “hold” rating and set a GBX 115 ($1.48) target price on shares of Cobham plc in a report on Tuesday, March 28th. Kepler Capital Markets lifted their target price on shares of Cobham plc from GBX 120 ($1.54) to GBX 135 ($1.74) and gave the company a “hold” rating in a report on Thursday, April 13th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 125 ($1.61) target price on shares of Cobham plc in a report on Friday, April 21st. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 113 ($1.45) target price on shares of Cobham plc in a report on Thursday, June 15th. Finally, Jefferies Group LLC cut their price target on shares of Cobham plc from GBX 180 ($2.32) to GBX 150 ($1.93) and set a “buy” rating for the company in a report on Wednesday, March 15th.
Shares of Cobham plc (LON COB) traded down 1.97% during mid-day trading on Monday, reaching GBX 129.40. 5,834,747 shares of the company’s stock were exchanged. The company’s 50-day moving average price is GBX 135.38 and its 200-day moving average price is GBX 138.17. Cobham plc has a one year low of GBX 89.07 and a one year high of GBX 154.51. The company’s market capitalization is GBX 2.19 billion.
In other news, insider David Lockwood purchased 44,578 shares of the stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of GBX 334 ($4.30) per share, with a total value of £148,890.52 ($191,696.30). Also, insider David Mellors sold 67,376 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of GBX 134 ($1.73), for a total transaction of £90,283.84 ($116,240.30).
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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