Cobham plc (LON:COB) Receives GBX 131.50 Average Price Target from Analysts

Cobham plc (LON:COB) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 130.96 ($1.71).

A number of brokerages have recently issued reports on COB. Barclays PLC reiterated an “equal weight” rating and set a GBX 135 ($1.76) target price on shares of Cobham plc in a research report on Friday, August 4th. J P Morgan Chase & Co increased their target price on Cobham plc from GBX 130 ($1.69) to GBX 145 ($1.89) and gave the company a “neutral” rating in a research report on Friday, August 4th. Deutsche Bank AG increased their target price on Cobham plc from GBX 113 ($1.47) to GBX 115 ($1.50) and gave the company a “hold” rating in a research report on Friday, August 4th. Kepler Capital Markets increased their target price on Cobham plc from GBX 120 ($1.56) to GBX 135 ($1.76) and gave the company a “hold” rating in a research report on Thursday, April 13th. Finally, Citigroup Inc. increased their target price on Cobham plc from GBX 115 ($1.50) to GBX 143 ($1.86) and gave the company a “neutral” rating in a research report on Friday, May 5th.

Shares of Cobham plc (LON COB) traded up 0.37% during mid-day trading on Friday, hitting GBX 136.50. 5,246,454 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 133.48 and its 200-day moving average is GBX 125.47. The stock’s market cap is GBX 2.31 billion. Cobham plc has a 12 month low of GBX 89.07 and a 12 month high of GBX 154.51.

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In related news, insider David Lockwood bought 44,578 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was acquired at an average cost of GBX 334 ($4.35) per share, with a total value of £148,890.52 ($193,893.11). Also, insider David Mellors sold 67,376 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 134 ($1.75), for a total value of £90,283.84 ($117,572.39).

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)

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