Cobham (LON:COB) had its price objective cut by Goldman Sachs Group from GBX 106 ($1.37) to GBX 103 ($1.33) in a research note published on Monday morning. They currently have a sell rating on the stock.
Other equities analysts have also issued research reports about the stock. Berenberg Bank reissued a hold rating and issued a GBX 134 ($1.73) price objective on shares of Cobham in a research report on Monday, July 2nd. Deutsche Bank reissued a sell rating on shares of Cobham in a research report on Friday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of Cobham from GBX 135 ($1.75) to GBX 140 ($1.81) and gave the company a neutral rating in a research report on Monday. Liberum Capital reaffirmed a hold rating and set a GBX 120 ($1.55) price target on shares of Cobham in a research report on Thursday, April 26th. Finally, Morgan Stanley raised shares of Cobham to an overweight rating and upped their price target for the stock from GBX 115 ($1.49) to GBX 150 ($1.94) in a research report on Monday, June 18th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 129.20 ($1.67).
Cobham opened at GBX 128.50 ($1.66) on Monday, MarketBeat reports. Cobham has a 1-year low of GBX 107.67 ($1.39) and a 1-year high of GBX 150.30 ($1.95).
In related news, insider Norton Schwartz purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 22nd. The stock was purchased at an average price of GBX 130 ($1.68) per share, with a total value of £6,500 ($8,414.24). Also, insider David Mellors sold 122,814 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of GBX 126 ($1.63), for a total transaction of £154,745.64 ($200,317.98). Insiders have purchased 5,166 shares of company stock valued at $669,989 in the last ninety days.
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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