Cobham plc (COB) Receives GBX 133.32 Consensus Target Price from Brokerages
Cobham plc (LON:COB) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 132.14 ($1.77).
Several research analysts recently commented on COB shares. Barclays reaffirmed an “equal weight” rating and issued a GBX 135 ($1.81) target price on shares of Cobham in a research report on Wednesday, December 20th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 140 ($1.87) target price on shares of Cobham in a research report on Wednesday, November 15th. JPMorgan Chase & Co. reduced their target price on Cobham from GBX 135 ($1.81) to GBX 132 ($1.76) and set a “neutral” rating for the company in a research report on Friday. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of Cobham in a research report on Monday, December 11th.
In related news, insider Lyn Colloff sold 1,707 shares of Cobham stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 121 ($1.62), for a total value of £2,065.47 ($2,761.69). Also, insider John McAdam purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was acquired at an average cost of GBX 148 ($1.98) per share, with a total value of £7,400 ($9,894.37).
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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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