Cobham plc (COB) Receives New Coverage from Analysts at Morgan Stanley
Morgan Stanley started coverage on shares of Cobham plc (LON:COB) in a research report report published on Tuesday morning. The firm issued an equal weight rating and a GBX 170 ($2.22) price objective on the stock.
Other analysts also recently issued reports about the stock. Berenberg Bank cut their price target on shares of Cobham plc from GBX 170 ($2.22) to GBX 160 ($2.09) and set a sell rating on the stock in a research report on Tuesday, August 16th. Deutsche Bank AG dropped their target price on shares of Cobham plc from GBX 154 ($2.01) to GBX 150 ($1.96) and set a hold rating on the stock in a report on Friday, August 5th. Goldman Sachs Group Inc. raised their target price on shares of Cobham plc from GBX 151.26 ($1.97) to GBX 174 ($2.27) and gave the stock a neutral rating in a report on Monday, September 5th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 165 ($2.15) target price on shares of Cobham plc in a report on Wednesday, September 14th. Finally, Canaccord Genuity restated a hold rating and set a GBX 160 ($2.09) target price on shares of Cobham plc in a report on Monday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 192.63 ($2.51).
Cobham plc (LON:COB) traded up 1.81% during mid-day trading on Tuesday, hitting GBX 168.90. 1,194,427 shares of the company were exchanged. The stock’s market cap is GBX 2.29 billion. The company has a 50 day moving average of GBX 164.98 and a 200 day moving average of GBX 160.06. Cobham plc has a 12-month low of GBX 124.32 and a 12-month high of GBX 262.67.
The company also recently declared a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued 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 other news, insider Nicholls,Simon sold 16,557 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of GBX 164 ($2.14), for a total transaction of £27,153.48 ($35,443.78).
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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