Cobham (COB) Given New GBX 115 Price Target at Deutsche Bank

Cobham (LON:COB) had its price target lifted by equities researchers at Deutsche Bank from GBX 110 ($1.52) to GBX 115 ($1.59) in a research report issued on Tuesday, March 6th. The firm presently has a “sell” rating on the stock. Deutsche Bank’s price target suggests a potential downside of 11.71% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Kepler Capital Markets restated a “reduce” rating and set a GBX 112 ($1.55) price objective on shares of Cobham in a report on Monday, February 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 135 ($1.87) price objective on shares of Cobham in a report on Monday, March 5th. UBS Group restated a “buy” rating on shares of Cobham in a report on Wednesday, February 14th. Liberum Capital reiterated a “hold” rating and issued a GBX 140 ($1.93) price target on shares of Cobham in a research note on Wednesday, November 15th. Finally, Barclays lifted their price target on shares of Cobham from GBX 130 ($1.80) to GBX 133 ($1.84) and gave the company an “equal weight” rating in a research note on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Cobham has an average rating of “Hold” and an average target price of GBX 128 ($1.77).

Shares of Cobham (COB) opened at GBX 130.25 ($1.80) on Tuesday. Cobham has a 52 week low of GBX 107.67 ($1.49) and a 52 week high of GBX 150.30 ($2.08). The company has a market cap of $3,100.00 and a P/E ratio of 4,341.67.

Cobham (LON:COB) last announced its quarterly earnings data on Thursday, March 1st. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 5.60 ($0.08) by GBX 0.40 ($0.01). Cobham had a net margin of 1.62% and a return on equity of 4.39%. The firm had revenue of GBX 205.25 billion for the quarter.

In other news, insider Lyn Colloff sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of GBX 121 ($1.67), for a total value of £2,065.47 ($2,853.65). Insiders acquired a total of 241 shares of company stock valued at $29,964 in the last three months.

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Cobham Company Profile

Cobham plc is a technology and services provider in commercial and defense and security markets. It operates in four segments. The Communications and Connectivity segment provides equipment and solutions to enable connectivity across a range of environments in aerospace, avionics, satellite and radio, wireless and mobile connectivity markets.

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