Cobham’s (COB) “Neutral” Rating Reaffirmed at UBS Group
UBS Group reissued their neutral rating on shares of Cobham (LON:COB) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued research reports about the stock. Barclays reiterated an equal weight rating on shares of Cobham in a report on Monday. Jefferies Financial Group reiterated a buy rating and issued a GBX 150 ($1.96) price target on shares of Cobham in a report on Wednesday, June 12th. Berenberg Bank cut shares of Cobham to a hold rating and upped their price target for the company from GBX 120 ($1.57) to GBX 170 ($2.22) in a report on Tuesday, July 30th. Goldman Sachs Group upped their price target on shares of Cobham from GBX 105 ($1.37) to GBX 107 ($1.40) and gave the company a sell rating in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 115 ($1.50) price target on shares of Cobham in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 138.88 ($1.81).
Shares of Cobham stock traded up GBX 3.45 ($0.05) on Thursday, hitting GBX 159.75 ($2.09). The company had a trading volume of 6,386,807 shares, compared to its average volume of 9,760,000. The firm has a market capitalization of $3.82 billion and a P/E ratio of -84.08. Cobham has a twelve month low of GBX 96.38 ($1.26) and a twelve month high of GBX 171.20 ($2.24). The company has a debt-to-equity ratio of 43.70, a current ratio of 1.25 and a quick ratio of 0.91. The stock has a 50-day moving average of GBX 161.58 and a 200-day moving average of GBX 124.66.
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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