Cobham (LON:COB)‘s stock had its “equal weight” rating restated by Barclays in a report issued on Wednesday, December 20th. They currently have a GBX 135 ($1.83) target price on the stock. Barclays’ price objective points to a potential upside of 6.30% from the company’s previous close.
COB has been the subject of several other research reports. Deutsche Bank raised their target price on shares of Cobham from GBX 115 ($1.56) to GBX 120 ($1.63) and gave the stock a “hold” rating in a report on Thursday, August 31st. Liberum Capital restated a “hold” rating and issued a GBX 140 ($1.90) target price on shares of Cobham in a report on Tuesday, September 26th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 145 ($1.97) target price on shares of Cobham in a report on Thursday, November 16th. Finally, Goldman Sachs Group restated a “sell” rating on shares of Cobham in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 130.29 ($1.77).
Cobham (LON COB) traded up GBX 3.45 ($0.05) during mid-day trading on Wednesday, reaching GBX 127 ($1.72). 7,109,722 shares of the company’s stock traded hands, compared to its average volume of 5,800,000. Cobham has a fifty-two week low of GBX 89.07 ($1.21) and a fifty-two week high of GBX 150.30 ($2.04). The company has a market capitalization of $3,030.00 and a price-to-earnings ratio of -317.50.
In related news, insider Lyn Colloff sold 1,707 shares of Cobham stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of GBX 121 ($1.64), for a total value of £2,065.47 ($2,801.02).
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Cobham Company Profile
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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