Cobham (LON:COB)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank in a research note issued to investors on Friday, March 16th.
COB has been the topic of a number of other research reports. Kepler Capital Markets reiterated a “reduce” rating and set a GBX 112 ($1.57) price target on shares of Cobham in a research report on Monday, February 26th. Barclays reiterated an “equal weight” rating and set a GBX 135 ($1.90) price target on shares of Cobham in a research report on Wednesday, December 20th. JPMorgan Chase reiterated a “neutral” rating and set a GBX 145 ($2.04) price target on shares of Cobham in a research report on Thursday, November 16th. Berenberg Bank increased their price target on Cobham from GBX 130 ($1.82) to GBX 134 ($1.88) and gave the stock a “hold” rating in a research report on Monday, March 5th. Finally, Goldman Sachs reiterated a “sell” rating on shares of Cobham in a research report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Cobham currently has a consensus rating of “Hold” and a consensus price target of GBX 125.25 ($1.76).
Shares of COB traded down GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 119.25 ($1.67). The company had a trading volume of 7,911,835 shares, compared to its average volume of 9,760,000. Cobham has a 52-week low of GBX 107.67 ($1.51) and a 52-week high of GBX 150.30 ($2.11).
Cobham (LON:COB) last issued its quarterly earnings results on Thursday, March 1st. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 5.60 ($0.08) by GBX 0.40 ($0.01). The company had revenue of GBX 205.25 billion for the quarter. Cobham had a return on equity of 4.39% and a net margin of 1.62%.
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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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