Cobham (COB) – Analysts’ Recent Ratings Changes

Cobham (LON: COB) has recently received a number of price target changes and ratings updates:

  • 8/6/2018 – Cobham had its price target lowered by analysts at Goldman Sachs Group Inc from GBX 106 ($1.37) to GBX 103 ($1.33). They now have a “sell” rating on the stock.
  • 8/6/2018 – Cobham had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 115 ($1.49) price target on the stock.
  • 8/6/2018 – Cobham had its price target raised by analysts at JPMorgan Chase & Co. from GBX 135 ($1.75) to GBX 140 ($1.81). They now have a “neutral” rating on the stock.
  • 7/27/2018 – Cobham had its “sell” rating reaffirmed by analysts at Deutsche Bank AG.
  • 7/27/2018 – Cobham was downgraded by analysts at Liberum Capital to a “sell” rating.
  • 7/27/2018 – Cobham had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 145 ($1.88) price target on the stock, down previously from GBX 150 ($1.94).
  • 7/5/2018 – Cobham had its price target raised by analysts at Kepler Capital Markets from GBX 112 ($1.45) to GBX 117 ($1.51). They now have a “reduce” rating on the stock.
  • 7/2/2018 – Cobham had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 134 ($1.73) price target on the stock.
  • 6/18/2018 – Cobham was upgraded by analysts at Morgan Stanley to an “overweight” rating. They now have a GBX 150 ($1.94) price target on the stock, up previously from GBX 115 ($1.49).
  • 6/15/2018 – Cobham had its price target lowered by analysts at Citigroup Inc from GBX 143 ($1.85) to GBX 135 ($1.75). They now have a “neutral” rating on the stock.

Shares of Cobham traded down GBX 1.90 ($0.02), hitting GBX 127.80 ($1.65), during midday trading on Friday, according to MarketBeat. The company had a trading volume of 1,750,117 shares, compared to its average volume of 9,760,000. Cobham plc has a 1 year low of GBX 107.67 ($1.39) and a 1 year high of GBX 150.30 ($1.95).

In other news, insider David Mellors sold 122,814 shares of Cobham stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of GBX 126 ($1.63), for a total value of £154,745.64 ($200,317.98). Also, insider Norton Schwartz acquired 5,000 shares of the firm’s stock in a transaction dated Friday, June 22nd. The stock was bought at an average price of GBX 130 ($1.68) per share, with a total value of £6,500 ($8,414.24). Insiders bought a total of 5,166 shares of company stock valued at $669,989 in the last quarter.

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: Leveraged Buyout (LBO) Explained

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