Cobham plc (LON:COB) had its target price lowered by research analysts at J P Morgan Chase & Co from GBX 135 ($1.75) to GBX 130 ($1.68) in a note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock.

A number of other research analysts also recently weighed in on the company. Deutsche Bank AG increased their price target on Cobham plc from GBX 110 ($1.42) to GBX 113 ($1.46) and gave the company a “hold” rating in a research note on Thursday, May 18th. Liberum Capital reissued a “hold” rating and issued a GBX 115 ($1.49) price target on shares of Cobham plc in a research note on Thursday, April 27th. Citigroup Inc. reissued a “neutral” rating and issued a GBX 132 ($1.71) price target on shares of Cobham plc in a research note on Tuesday, March 7th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 110 ($1.42) price target (up previously from GBX 76.47 ($0.99)) on shares of Cobham plc in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC cut their price target on Cobham plc from GBX 180 ($2.33) to GBX 150 ($1.94) and set a “buy” rating on the stock in a research note on Wednesday, March 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Cobham plc presently has an average rating of “Hold” and an average price target of GBX 129.38 ($1.68).

Cobham plc (LON COB) opened at 129.50 on Wednesday. Cobham plc has a 12 month low of GBX 89.07 and a 12 month high of GBX 154.51. The stock has a 50 day moving average price of GBX 135.38 and a 200 day moving average price of GBX 138.17. The firm’s market cap is GBX 2.20 billion.

TRADEMARK VIOLATION WARNING: “Cobham plc (COB) PT Lowered to GBX 130” was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/cobham-plc-cob-pt-lowered-to-gbx-130/1420023.html.

In other 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 ($1.74), for a total transaction of £90,283.84 ($116,947.98). Also, insider David Lockwood bought 44,578 shares of Cobham plc stock in a transaction dated Thursday, June 1st. The shares were bought at an average cost of GBX 334 ($4.33) per share, with a total value of £148,890.52 ($192,863.37).

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.

Analyst Recommendations for Cobham plc (LON:COB)

Receive News & Ratings for Cobham plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cobham plc and related companies with Analyst Ratings Network's FREE daily email newsletter.