Cobham (COB) PT Lowered to GBX 115 at JPMorgan Chase & Co.

Cobham (LON:COB) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from GBX 130 ($1.70) to GBX 115 ($1.50) in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.33% from the stock’s current price.

Other analysts have also recently issued reports about the company. Barclays dropped their price target on Cobham from GBX 135 ($1.76) to GBX 110 ($1.44) and set an “equal weight” rating on the stock in a research report on Monday, November 19th. Berenberg Bank raised Cobham to a “buy” rating and dropped their price target for the stock from GBX 140 ($1.83) to GBX 124 ($1.62) in a research report on Thursday, November 29th. Deutsche Bank raised Cobham to a “hold” rating and boosted their price target for the stock from GBX 115 ($1.50) to GBX 120 ($1.57) in a research report on Tuesday, December 4th. Goldman Sachs Group reissued a “sell” rating on shares of Cobham in a research report on Tuesday. Finally, UBS Group reissued a “buy” rating on shares of Cobham in a research report on Thursday, November 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Cobham currently has an average rating of “Hold” and a consensus target price of GBX 123.90 ($1.62).

Shares of COB opened at GBX 103.30 ($1.35) on Thursday. Cobham has a 52 week low of GBX 107.67 ($1.41) and a 52 week high of GBX 150.30 ($1.96).

In related news, insider Lyn Colloff sold 1,707 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of GBX 103 ($1.35), for a total value of £1,758.21 ($2,297.41).

Cobham Company Profile

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.

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Analyst Recommendations for Cobham (LON:COB)

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