Goldman Sachs Group Reiterates “Sell” Rating for Cobham (COB)

Cobham (LON:COB)‘s stock had its “sell” rating reissued by equities researchers at Goldman Sachs Group in a note issued to investors on Monday.

COB has been the subject of several other research reports. Liberum Capital reissued a “hold” rating and issued a GBX 140 ($1.88) price objective on shares of Cobham in a research note on Tuesday, September 26th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 145 ($1.95) price objective on shares of Cobham in a research note on Thursday, November 16th. Finally, Deutsche Bank increased their price objective on shares of Cobham from GBX 115 ($1.55) to GBX 120 ($1.62) and gave the company a “hold” rating in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Cobham has an average rating of “Hold” and a consensus price target of GBX 131.38 ($1.77).

Shares of Cobham (LON:COB) traded up GBX 0.75 ($0.01) during trading hours on Monday, reaching GBX 122.75 ($1.65). 2,452,208 shares of the company traded hands, compared to its average volume of 5,820,000. Cobham has a fifty-two week low of GBX 89.07 ($1.20) and a fifty-two week high of GBX 153.03 ($2.06).

In other Cobham news, insider John McAdam acquired 5,000 shares of Cobham stock in a transaction dated Monday, October 9th. The stock was purchased at an average cost of GBX 148 ($1.99) per share, for a total transaction of £7,400 ($9,959.62).

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About Cobham

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.

Analyst Recommendations for Cobham (LON:COB)

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