Cobham plc (COB) Price Target Increased to GBX 185 by Analysts at JPMorgan Chase & Co.
Cobham plc (LON:COB) had its price objective hoisted by JPMorgan Chase & Co. from GBX 165 ($2.04) to GBX 185 ($2.29) in a research note published on Monday morning. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently weighed in on COB. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 174 ($2.15) target price on shares of Cobham plc in a report on Sunday, September 11th. Liberum Capital reaffirmed a buy rating and issued a GBX 180 ($2.23) target price on shares of Cobham plc in a report on Monday, September 12th. Morgan Stanley began coverage on shares of Cobham plc in a report on Tuesday, September 27th. They issued an equal weight rating and a GBX 170 ($2.10) target price on the stock. Societe Generale reaffirmed a hold rating and issued a GBX 150 ($1.86) target price (down previously from GBX 176 ($2.18)) on shares of Cobham plc in a report on Friday, August 5th. Finally, Deutsche Bank AG reduced their target price on shares of Cobham plc from GBX 154 ($1.91) to GBX 150 ($1.86) and set a hold rating on the stock in a report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 193.88 ($2.40).
Shares of Cobham plc (LON:COB) opened at 171.30 on Monday. Cobham plc has a one year low of GBX 124.32 and a one year high of GBX 262.67. The stock’s market capitalization is GBX 2.32 billion. The company’s 50-day moving average is GBX 167.50 and its 200-day moving average is GBX 159.28.
The firm also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a GBX 2.03 ($0.03) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 1.22%.
In other news, insider Nicholls,Simon sold 16,557 shares of Cobham plc stock in a transaction on Monday, August 8th. The shares were sold at an average price of GBX 164 ($2.03), for a total value 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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