Shares of Cobham plc (LON:COB) have earned an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 120.83 ($1.58).
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on in a research report on Wednesday, June 12th. They issued a “hold” rating and a GBX 250 ($3.27) target price for the company. Deutsche Bank raised RDS-A from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Goldman Sachs Group set a $27.00 price target on Melco Resorts & Entertainment and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, UBS Group raised to a “neutral” rating and increased their price target for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a report on Thursday, June 20th.
In other Cobham news, insider Jamie Pike purchased 87,420 shares of Cobham stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of GBX 114 ($1.49) per share, with a total value of £99,658.80 ($130,221.87). Insiders purchased 87,700 shares of company stock valued at $9,996,060 in the last three months.
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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