JPMorgan Chase & Co. Boosts Cobham plc (COB) Price Target to GBX 150
Cobham plc (LON:COB) had its target price boosted by JPMorgan Chase & Co. from GBX 145 ($1.81) to GBX 150 ($1.87) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts have also issued reports on the stock. Barclays PLC lowered shares of Cobham plc from an overweight rating to an equal weight rating and set a GBX 183 ($2.29) price target on the stock. in a research note on Thursday, October 20th. Goldman Sachs Group Inc. boosted their price objective on shares of Cobham plc from GBX 151.26 ($1.89) to GBX 174 ($2.17) and gave the stock a neutral rating in a research note on Monday, September 5th. Morgan Stanley initiated coverage on shares of Cobham plc in a research note on Tuesday, September 27th. They set an equal weight rating and a GBX 170 ($2.12) price objective on the stock. Berenberg Bank lowered their price objective on shares of Cobham plc from GBX 170 ($2.12) to GBX 160 ($2.00) and set a sell rating on the stock in a research note on Tuesday, August 16th. Finally, Canaccord Genuity restated a hold rating and set a GBX 160 ($2.00) price objective on shares of Cobham plc in a research note on Monday, August 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 188.50 ($2.36).
Cobham plc (LON:COB) opened at 166.10 on Thursday. The company has a 50-day moving average of GBX 159.37 and a 200 day moving average of GBX 155.64. Cobham plc has a 52-week low of GBX 124.32 and a 52-week high of GBX 259.61. The firm’s market cap is GBX 2.25 billion.
Cobham plc Company Profile
Cobham plc is a United Kingdom-based company, which supplies equipment and solutions that enable connectivity for voice, data and video applications. The Company has four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. Its Communications and Connectivity sector 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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