Cobham plc (COB) Price Target Increased to GBX 120 by Analysts at Deutsche Bank AG
Cobham plc (LON:COB) had its price target boosted by Deutsche Bank AG from GBX 115 ($1.49) to GBX 120 ($1.55) in a research report sent to investors on Thursday. They currently have a hold rating on the stock.
Several other brokerages have also issued reports on COB. Citigroup Inc. raised their target price on Cobham plc from GBX 115 ($1.49) to GBX 143 ($1.85) and gave the stock a neutral rating in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and set a GBX 110 ($1.42) target price (up from GBX 76.47 ($0.99)) on shares of Cobham plc in a research report on Tuesday, May 9th. J P Morgan Chase & Co lowered their target price on Cobham plc from GBX 135 ($1.75) to GBX 130 ($1.68) and set a neutral rating for the company in a research report on Wednesday, July 5th. Barclays PLC reaffirmed an equal weight rating and set a GBX 135 ($1.75) target price on shares of Cobham plc in a research report on Tuesday, July 25th. Finally, Kepler Capital Markets reaffirmed a hold rating and set a GBX 117.50 ($1.52) target price on shares of Cobham plc in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Cobham plc has an average rating of Hold and an average target price of GBX 131.27 ($1.70).
Cobham plc (COB) traded up 0.51% during midday trading on Thursday, hitting GBX 138.00. The stock had a trading volume of 2,981,392 shares. The company’s 50-day moving average price is GBX 134.87 and its 200 day moving average price is GBX 127.00. Cobham plc has a 52 week low of GBX 89.07 and a 52 week high of GBX 154.51. The company’s market capitalization is GBX 2.88 billion.
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In other Cobham plc news, insider David Mellors sold 67,376 shares of Cobham plc stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of GBX 134 ($1.73), for a total transaction of £90,283.84 ($116,766.48).
Cobham plc Company Profile
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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