Brokerages Set Cobham plc (COB) PT at $130.96
Cobham plc (LON:COB) has received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 131.38 ($1.70).
Several analysts have recently issued reports on the stock. Deutsche Bank AG increased their price target on shares of Cobham plc from GBX 115 ($1.49) to GBX 120 ($1.55) and gave the stock a “hold” rating in a research report on Thursday. J P Morgan Chase & Co increased their price target on shares of Cobham plc from GBX 130 ($1.68) to GBX 145 ($1.88) and gave the stock a “neutral” rating in a research report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a GBX 135 ($1.75) price target on shares of Cobham plc in a research report on Friday, August 4th. Liberum Capital reissued a “hold” rating and set a GBX 140 ($1.81) price target (up previously from GBX 115 ($1.49)) on shares of Cobham plc in a research report on Thursday, August 3rd. Finally, Kepler Capital Markets reissued a “hold” rating and set a GBX 117.50 ($1.52) price target on shares of Cobham plc in a research report on Thursday, July 27th.
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Cobham plc (COB) traded up 0.73% during midday trading on Tuesday, hitting GBX 138.30. 5,173,482 shares of the stock traded hands. Cobham plc has a 12-month low of GBX 89.07 and a 12-month high of GBX 154.51. The firm’s market cap is GBX 2.88 billion. The company’s 50-day moving average is GBX 135.76 and its 200 day moving average is GBX 127.66.
In other Cobham plc news, insider David Mellors sold 67,376 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of GBX 134 ($1.73), for a total value of £90,283.84 ($116,766.48).
About Cobham plc
Cobham plc is a technology and services provider in commercial and defense and security markets. It operates in four segments. The Communications and Connectivity segment provides equipment and solutions to enable connectivity across a range of environments in aerospace, avionics, satellite and radio, wireless and mobile connectivity markets.
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