Cobham plc (COB) Receives Average Rating of “Hold” from Analysts
Cobham plc (LON:COB) has been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 130.96 ($1.69).
Several equities research analysts have weighed in on the company. Deutsche Bank AG upped their target price on Cobham plc from GBX 113 ($1.46) to GBX 115 ($1.49) and gave the stock a “hold” rating in a report on Friday, August 4th. J P Morgan Chase & Co upped their target price on Cobham plc from GBX 130 ($1.68) to GBX 145 ($1.88) and gave the stock a “neutral” rating in a report on Friday, August 4th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 135 ($1.75) target price on shares of Cobham plc in a report on Friday, August 4th. Citigroup Inc. upped their target price on Cobham plc from GBX 115 ($1.49) to GBX 143 ($1.85) and gave the stock a “neutral” rating in a report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a GBX 110 ($1.42) target price (up from GBX 76.47 ($0.99)) on shares of Cobham plc in a report on Tuesday, May 9th.
Cobham plc (COB) traded up 0.81% during mid-day trading on Tuesday, hitting GBX 136.60. 9,163,615 shares of the stock traded hands. The firm’s market capitalization is GBX 2.85 billion. The company has a 50-day moving average of GBX 134.87 and a 200 day moving average of GBX 127.00. Cobham plc has a 1-year low of GBX 89.07 and a 1-year high of GBX 154.51.
In related news, insider David Mellors sold 67,376 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of GBX 134 ($1.73), for a total transaction of £90,283.84 ($116,766.48). Also, insider David Lockwood bought 44,578 shares of Cobham plc stock in a transaction that occurred on Thursday, June 1st. The shares were acquired at an average cost of GBX 334 ($4.32) per share, for a total transaction of £148,890.52 ($192,564.05).
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.
Receive News & Ratings for Cobham plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cobham plc and related companies with MarketBeat.com's FREE daily email newsletter.