Cobham plc (COB) Given Average Recommendation of “Hold” by Analysts
Shares of Cobham plc (LON:COB) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the company. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 193.88 ($2.40).
A number of research firms have recently commented on COB. Berenberg Bank dropped their price objective on shares of Cobham plc from GBX 170 ($2.10) to GBX 160 ($1.98) and set a “sell” rating for the company in a research note on Tuesday, August 16th. Deutsche Bank AG dropped their price objective on shares of Cobham plc from GBX 154 ($1.91) to GBX 150 ($1.86) and set a “hold” rating for the company in a research note on Friday, August 5th. Goldman Sachs Group Inc. upped their price objective on shares of Cobham plc from GBX 151.26 ($1.87) to GBX 174 ($2.15) and gave the company a “neutral” rating in a research note on Monday, September 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 165 ($2.04) price objective on shares of Cobham plc in a research note on Wednesday, September 14th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 160 ($1.98) price objective on shares of Cobham plc in a research note on Monday, August 8th.
Shares of Cobham plc (LON:COB) traded down 0.30% during mid-day trading on Friday, reaching GBX 166.80. 5,442,167 shares of the company traded hands. The company’s market capitalization is GBX 2.26 billion. The firm’s 50 day moving average price is GBX 168.11 and its 200-day moving average price is GBX 159.36. Cobham plc has a 52-week low of GBX 124.32 and a 52-week high of GBX 259.61.
The company also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be given a dividend of GBX 2.03 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, October 6th.
In related 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 ($2.03), 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.
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.