Cobham (LON:COB) had its price objective reduced by investment analysts at Liberum Capital from GBX 140 ($1.97) to GBX 130 ($1.83) in a research report issued on Friday, January 12th. The brokerage currently has a “hold” rating on the stock. Liberum Capital’s target price points to a potential upside of 11.30% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 145 ($2.04) target price on shares of Cobham in a research note on Thursday, November 16th. Goldman Sachs Group reissued a “sell” rating on shares of Cobham in a research note on Monday, December 11th. Finally, Barclays reaffirmed an “equal weight” rating and issued a GBX 135 ($1.90) price target on shares of Cobham in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 129.46 ($1.82).
Shares of Cobham (LON COB) traded down GBX 7.95 ($0.11) during trading hours on Friday, hitting GBX 116.80 ($1.64). 22,675,577 shares of the company were exchanged, compared to its average volume of 5,880,000. Cobham has a 12-month low of GBX 89.07 ($1.25) and a 12-month high of GBX 150.30 ($2.11). The company has a market capitalization of $2,790.00 and a price-to-earnings ratio of -292.00.
In other Cobham news, insider Lyn Colloff sold 1,707 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of GBX 121 ($1.70), for a total transaction of £2,065.47 ($2,900.53).
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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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