Kepler Capital Markets upgraded shares of Cobham (LON:COB) to a hold rating in a report released on Tuesday, February 5th. The brokerage currently has GBX 119 ($1.55) price objective on the stock, up from their prior price objective of GBX 117 ($1.53).
Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Cobham from GBX 130 ($1.70) to GBX 115 ($1.50) and set a neutral rating for the company in a report on Thursday, January 10th. Goldman Sachs Group reiterated a sell rating on shares of Cobham in a research report on Tuesday, January 8th. Deutsche Bank upgraded Cobham to a hold rating and increased their price objective for the stock from GBX 115 ($1.50) to GBX 120 ($1.57) in a research report on Tuesday, December 4th. Berenberg Bank upgraded Cobham to a buy rating and cut their price objective for the stock from GBX 140 ($1.83) to GBX 124 ($1.62) in a research report on Thursday, November 29th. Finally, Barclays cut their price objective on Cobham from GBX 135 ($1.76) to GBX 110 ($1.44) and set an equal weight rating for the company in a research report on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 124.10 ($1.62).
Shares of LON COB traded up GBX 1.90 ($0.02) during mid-day trading on Tuesday, hitting GBX 119.55 ($1.56). 5,789,695 shares of the company were exchanged, compared to its average volume of 9,760,000. Cobham has a 1-year low of GBX 107.67 ($1.41) and a 1-year high of GBX 150.30 ($1.96).
In other news, insider Lyn Colloff sold 1,707 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of GBX 103 ($1.35), for a total value of £1,758.21 ($2,297.41). In the last 90 days, insiders bought 376 shares of company stock valued at $39,996.
Cobham plc provides a range of technologies and services to commercial, defense, aerospace, space, and security markets in the United Kingdom, the United States, other European countries, Australia, Asia, and internationally. The company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services.
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