Several other research firms have also issued reports on COB. Berenberg Bank upgraded shares of Cobham to a buy rating and dropped their target price for the company from GBX 140 ($1.83) to GBX 124 ($1.62) in a report on Thursday, November 29th. UBS Group reiterated a buy rating on shares of Cobham in a report on Thursday, November 15th. Deutsche Bank upgraded shares of Cobham to a hold rating and upped their price objective for the company from GBX 115 ($1.50) to GBX 120 ($1.57) in a report on Tuesday, December 4th. Finally, Barclays dropped their price objective on shares of Cobham from GBX 135 ($1.76) to GBX 110 ($1.44) and set an equal weight rating on the stock in a report on Monday, November 19th. Three 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. Cobham has a consensus rating of Hold and a consensus price target of GBX 123.90 ($1.62).
COB stock opened at GBX 104.80 ($1.37) on Tuesday. Cobham has a 12-month low of GBX 107.67 ($1.41) and a 12-month high of GBX 150.30 ($1.96).
In other news, insider Lyn Colloff sold 1,707 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of GBX 103 ($1.35), for a total transaction of £1,758.21 ($2,297.41).
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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