Cobham plc (COB) Receives GBX 193.88 Consensus Price Target from Brokerages
Shares of Cobham plc (LON:COB) have received an average recommendation of “Hold” from the seventeen brokerages that are covering the firm. Three research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 193.88 ($2.40).
Several equities research analysts recently commented on COB shares. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 151.26 ($1.87) price target on shares of Cobham plc in a research note on Monday, June 27th. Morgan Stanley began coverage on Cobham plc in a research report on Tuesday, September 27th. They set an “equal weight” rating and a GBX 170 ($2.10) target price for the company. BNP Paribas decreased their target price on Cobham plc from GBX 186 ($2.30) to GBX 140 ($1.73) and set a “neutral” rating for the company in a research report on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 154 ($1.91) target price (up previously from GBX 152 ($1.88)) on shares of Cobham plc in a research report on Friday, June 24th. Finally, Berenberg Bank decreased their target price on Cobham plc from GBX 170 ($2.10) to GBX 160 ($1.98) and set a “sell” rating for the company in a research report on Tuesday, August 16th.
Cobham plc (LON:COB) opened at 166.10 on Friday. The firm’s market cap is GBX 2.25 billion. Cobham plc has a 12-month low of GBX 124.32 and a 12-month high of GBX 259.61. The firm has a 50-day moving average of GBX 168.11 and a 200-day moving average of GBX 159.36.
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 dividend of GBX 2.03 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Nicholls,Simon sold 16,557 shares of the stock in a transaction 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).
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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