JPMorgan Chase & Co. Raises Cobham plc (COB) Price Target to GBX 185

Cobham plc (LON:COB) had its price target increased by JPMorgan Chase & Co. from GBX 165 ($2.04) to GBX 185 ($2.29) in a research report sent to investors on Monday. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 151.26 ($1.87) target price on shares of Cobham plc in a research note on Monday, June 27th. Jefferies Group lowered their price target on Cobham plc from GBX 310 ($3.84) to GBX 175 ($2.17) and set a buy rating on the stock in a research report on Friday, July 1st. Societe Generale reiterated a hold rating and set a GBX 150 ($1.86) price target (down previously from GBX 176 ($2.18)) on shares of Cobham plc in a research report on Friday, August 5th. Deutsche Bank AG lowered their price target on Cobham plc from GBX 154 ($1.91) to GBX 150 ($1.86) and set a hold rating on the stock in a research report on Friday, August 5th. Finally, BNP Paribas downgraded Cobham plc from a neutral rating to an underperform rating and lowered their price target for the stock from GBX 143 ($1.77) to GBX 140 ($1.73) in a research report on Wednesday, August 10th. Three equities research 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. The company has an average rating of Hold and an average target price of GBX 193.88 ($2.40).

Analyst Recommendations for Cobham plc (LON:COB)

Shares of Cobham plc (LON:COB) opened at 168.20 on Monday. The company’s 50-day moving average price is GBX 167.97 and its 200 day moving average price is GBX 159.24. The company’s market cap is GBX 2.28 billion. Cobham plc has a 52 week low of GBX 124.32 and a 52 week high of GBX 259.61.

The firm also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 2.03 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.22%.

In other Cobham plc news, insider Nicholls,Simon sold 16,557 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of GBX 164 ($2.03), for a total transaction of £27,153.48 ($33,605.79).

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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