Cobham plc (LON:COB) Given Average Recommendation of “Hold” by Analysts
Cobham plc (LON:COB) has been given an average rating of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 131.50 ($1.73).
COB has been the subject of several research analyst reports. Kepler Capital Markets raised their price target on Cobham plc from GBX 120 ($1.58) to GBX 135 ($1.78) and gave the stock a “hold” rating in a research report on Thursday, April 13th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 125 ($1.65) price target on shares of Cobham plc in a research report on Friday, April 21st. Liberum Capital restated a “hold” rating and set a GBX 115 ($1.52) price target on shares of Cobham plc in a research report on Thursday, April 27th. Citigroup Inc. raised their price target on Cobham plc from GBX 115 ($1.52) to GBX 143 ($1.89) and gave the stock a “neutral” rating in a research report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 110 ($1.45) price target (up from GBX 76.47 ($1.01)) on shares of Cobham plc in a research report on Tuesday, May 9th.
Shares of Cobham plc (LON:COB) traded down 1.93% during midday trading on Friday, reaching GBX 142.50. The company’s stock had a trading volume of 9,306,634 shares. The stock’s 50-day moving average is GBX 132.80 and its 200-day moving average is GBX 124.80. 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 2.42 billion.
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In related news, insider David Lockwood purchased 44,578 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average price of GBX 334 ($4.41) per share, with a total value of £148,890.52 ($196,399.58). Also, insider David Mellors sold 67,376 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of GBX 134 ($1.77), for a total value of £90,283.84 ($119,092.26).
Cobham plc Company Profile
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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