Cobham plc (COB) PT Lowered to GBX 130
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.
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.
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