Cobham plc (LON:COB) announced a dividend on Thursday, August 4th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 2.03 ($0.03) per share on Friday, November 4th. This represents a yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be viewed at this link.
Shares of Cobham plc (LON:COB) opened at 167.70 on Friday. Cobham plc has a 12-month low of GBX 124.32 and a 12-month high of GBX 262.67. The stock’s market cap is GBX 2.27 billion. The firm has a 50-day moving average price of GBX 165.45 and a 200 day moving average price of GBX 160.09.
In related news, insider Nicholls,Simon sold 16,557 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of GBX 164 ($2.14), for a total value of £27,153.48 ($35,443.78).
Several brokerages have issued reports on COB. Deutsche Bank AG dropped their target price on Cobham plc from GBX 185 ($2.41) to GBX 152 ($1.98) and set a “hold” rating for the company in a research report on Monday, June 13th. Societe Generale restated a “hold” rating and set a GBX 150 ($1.96) target price (down previously from GBX 176 ($2.30)) on shares of Cobham plc in a research report on Friday, August 5th. Barclays PLC dropped their target price on Cobham plc from GBX 190 ($2.48) to GBX 183 ($2.39) and set an “overweight” rating for the company in a research report on Friday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 150 ($1.96) price target on shares of Cobham plc in a report on Wednesday, June 15th. Finally, BNP Paribas lowered Cobham plc from a “neutral” rating to an “underperform” rating and lowered their price target for the company from GBX 143 ($1.87) to GBX 140 ($1.83) in a report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Cobham plc has an average rating of “Hold” and an average price target of GBX 192.63 ($2.51).
Cobham plc Company Profile
Cobham plc is a United Kingdom-based company, which offers a range of technologies and services. The Company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. Its Communications and Connectivity segment provides aircraft and in-building communication equipment; satellite communication equipment for land, sea and air applications, and test and measurement instrumentation for radio frequency, cellular communications and wireless networking.
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