Insider Buying: Cobham plc (COB) Insider Buys 132 Shares of Stock

Cobham plc (LON:COB) insider David Mellors bought 132 shares of Cobham stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average cost of GBX 114 ($1.49) per share, with a total value of £150.48 ($196.63).

Shares of COB stock opened at GBX 107 ($1.40) on Friday. Cobham plc has a one year low of GBX 107.67 ($1.41) and a one year high of GBX 150.30 ($1.96).

Several research analysts recently commented on COB shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 134 ($1.75) target price on shares of Cobham in a research report on Monday, July 2nd. Citigroup reduced their target price on Cobham from GBX 143 ($1.87) to GBX 135 ($1.76) and set a “neutral” rating for the company in a research report on Friday, June 15th. Morgan Stanley raised Cobham to an “overweight” rating and raised their target price for the stock from GBX 115 ($1.50) to GBX 150 ($1.96) in a research report on Monday, June 18th. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 115 ($1.50) target price on shares of Cobham in a research report on Monday, August 6th. Finally, Kepler Capital Markets raised their target price on Cobham from GBX 112 ($1.46) to GBX 117 ($1.53) and gave the stock a “reduce” rating in a research report on Thursday, July 5th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 129.20 ($1.69).

About Cobham

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.

Further Reading: Calculate Your Return on Investment (ROI)

Insider Buying and Selling by Quarter for Cobham (LON:COB)

Receive News & Ratings for Cobham Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cobham and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply