Cobham (COB) Price Target Cut to GBX 132 by Analysts at JPMorgan Chase & Co.

Cobham (LON:COB) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 135 ($1.81) to GBX 132 ($1.76) in a research note issued on Friday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 7.10% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Barclays restated an “equal weight” rating and set a GBX 135 ($1.81) price target on shares of Cobham in a report on Wednesday, December 20th. Liberum Capital restated a “hold” rating and set a GBX 140 ($1.87) price target on shares of Cobham in a report on Wednesday, November 15th. Finally, Goldman Sachs Group restated a “sell” rating on shares of Cobham in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 130.29 ($1.74).

Shares of Cobham (LON COB) traded down GBX 3.60 ($0.05) during trading hours on Friday, hitting GBX 123.25 ($1.65). The stock had a trading volume of 8,130,000 shares, compared to its average volume of 5,310,000. Cobham has a 1 year low of GBX 89.07 ($1.19) and a 1 year high of GBX 150.30 ($2.01). The company has a market capitalization of $2,950.00 and a P/E ratio of -308.13.

In other news, insider John McAdam bought 5,000 shares of the company’s stock in a transaction on Monday, October 9th. The shares were acquired at an average cost of GBX 148 ($1.98) per share, with a total value of £7,400 ($9,894.37). Also, insider Lyn Colloff sold 1,707 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 121 ($1.62), for a total value of £2,065.47 ($2,761.69).

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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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