Cobham plc (COB) Given New GBX 185 Price Target at JPMorgan Chase & Co.
Cobham plc (LON:COB) had its target price upped by JPMorgan Chase & Co. from GBX 165 ($2.04) to GBX 185 ($2.29) in a research note issued to investors on Monday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.
COB has been the topic of a number of other research reports. Morgan Stanley started coverage on shares of Cobham plc in a research note on Tuesday, September 27th. They issued an equal weight rating and a GBX 170 ($2.10) price target on the stock. Liberum Capital reiterated a buy rating and issued a GBX 180 ($2.23) price target on shares of Cobham plc in a research note on Monday, September 12th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 174 ($2.15) price target on shares of Cobham plc in a research note on Sunday, September 11th. Berenberg Bank dropped their price target on shares of Cobham plc from GBX 170 ($2.10) to GBX 160 ($1.98) and set a sell rating on the stock in a research note on Tuesday, August 16th. Finally, BNP Paribas cut shares of Cobham plc from a neutral rating to an underperform rating and dropped their price target for the stock from GBX 143 ($1.77) to GBX 140 ($1.73) in a research note on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 193.88 ($2.40).
Cobham plc (LON:COB) opened at 167.30 on Monday. The stock has a 50 day moving average of GBX 168.14 and a 200 day moving average of GBX 159.30. The stock’s market cap is GBX 2.26 billion. Cobham plc has a 1-year low of GBX 124.32 and a 1-year high of GBX 259.61.
The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 2.03 ($0.03) per share. This represents a yield of 1.22%. The ex-dividend date is Thursday, October 6th.
In other Cobham plc news, insider Nicholls,Simon sold 16,557 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of GBX 164 ($2.03), for a total transaction of £27,153.48 ($33,605.79).
About Cobham plc
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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