Cobham plc (COB) Earns “Equal weight” Rating from Barclays PLC
Barclays PLC reissued their equal weight rating on shares of Cobham plc (LON:COB) in a research note issued to investors on Friday. The brokerage currently has a GBX 135 ($1.78) price target on the stock.
COB has been the topic of a number of other research reports. Kepler Capital Markets increased their price objective on Cobham plc from GBX 120 ($1.58) to GBX 135 ($1.78) and gave the company a hold rating in a report on Thursday, April 13th. Citigroup Inc. increased their price objective on Cobham plc from GBX 115 ($1.52) to GBX 143 ($1.89) and gave the company a neutral rating in a report on Friday, May 5th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 125 ($1.65) target price on shares of Cobham plc in a report on Friday, April 21st. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 113 ($1.49) target price on shares of Cobham plc in a report on Thursday, June 15th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and issued a GBX 110 ($1.45) target price (up previously from GBX 76.47 ($1.01)) on shares of Cobham plc in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Cobham plc currently has an average rating of Hold and a consensus target price of GBX 128.96 ($1.70).
Cobham plc (LON:COB) opened at 139.90 on Friday. Cobham plc has a 12 month low of GBX 89.07 and a 12 month high of GBX 154.51. The firm has a 50 day moving average price of GBX 132.80 and a 200-day moving average price of GBX 124.80. The firm’s market capitalization is GBX 2.37 billion.
In other Cobham plc news, insider David Mellors sold 67,376 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of GBX 134 ($1.77), for a total value of £90,283.84 ($119,092.26). Also, insider David Lockwood acquired 44,578 shares of Cobham plc stock in a transaction on Thursday, June 1st. The stock was purchased at an average price of GBX 334 ($4.41) per share, with a total value of £148,890.52 ($196,399.58).
Cobham plc Company Profile
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.
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