Cobham plc (COB) to Issue Dividend of GBX 2.03 on November 4th
Cobham plc (LON:COB) declared a dividend on Thursday, August 4th. Investors of record on Thursday, October 6th will be given a dividend of GBX 2.03 ($0.03) per share on Friday, November 4th. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be accessed at this link.
Cobham plc (LON:COB) opened at 175.30 on Wednesday. The company’s 50 day moving average price is GBX 166.26 and its 200-day moving average price is GBX 159.61. The company’s market capitalization is GBX 2.37 billion. Cobham plc has a 12-month low of GBX 124.32 and a 12-month high of GBX 262.67.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 151.26 ($1.97) price objective on shares of Cobham plc in a research report on Monday, June 27th. Jefferies Group reduced their price target on Cobham plc from GBX 310 ($4.05) to GBX 175 ($2.28) and set a “buy” rating on the stock in a research report on Friday, July 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 150 ($1.96) price target on shares of Cobham plc in a research report on Wednesday, June 15th. Deutsche Bank AG reduced their price target on Cobham plc from GBX 185 ($2.41) to GBX 152 ($1.98) and set a “hold” rating on the stock in a research report on Monday, June 13th. Finally, Societe Generale reiterated a “hold” rating and issued a GBX 150 ($1.96) price target (down previously from GBX 176 ($2.30)) on shares of Cobham plc in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 192.63 ($2.51).
In other news, insider Nicholls,Simon sold 16,557 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of GBX 164 ($2.14), for a total value of £27,153.48 ($35,443.78).
Cobham plc Company Profile
Cobham plc is a United Kingdom-based company, which offers a range of technologies and services. The Company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. Its Communications and Connectivity segment provides aircraft and in-building communication equipment; satellite communication equipment for land, sea and air applications, and test and measurement instrumentation for radio frequency, cellular communications and wireless networking.
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