Cobham plc (COB) To Go Ex-Dividend on October 6th
Cobham plc (LON:COB) declared a dividend on Thursday, August 4th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 2.03 ($0.03) per share on Friday, November 4th. This represents a 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 167.70 on Friday. Cobham plc has a one year low of GBX 124.32 and a one year high of GBX 262.67. The firm has a 50-day moving average price of GBX 165.45 and a 200-day moving average price of GBX 160.09. The firm’s market capitalization is GBX 2.27 billion.
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 stock was sold at an average price of GBX 164 ($2.14), for a total value of £27,153.48 ($35,443.78).
Several equities analysts have recently weighed in on COB shares. Liberum Capital reiterated a “buy” rating and issued a GBX 172 ($2.25) price target on shares of Cobham plc in a research report on Thursday, August 4th. Jefferies Group reduced their price target on Cobham plc from GBX 310 ($4.05) to GBX 175 ($2.28) and set a “buy” rating for the company in a research report on Friday, July 1st. Morgan Stanley initiated coverage on Cobham plc in a research report on Tuesday. They issued an “equal weight” rating and a GBX 170 ($2.22) price target for the company. Canaccord Genuity reduced their target price on Cobham plc from GBX 175 ($2.28) to GBX 160 ($2.09) and set a “hold” rating for the company in a research report on Monday, July 4th. Finally, Societe Generale restated a “hold” rating and issued a GBX 150 ($1.96) target price (down from GBX 176 ($2.30)) on shares of Cobham plc in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 192.63 ($2.51).
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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