UBS Group reiterated their buy rating on shares of Cobham (LON:COB) in a research note released on Tuesday, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 138 ($1.80) price target on the stock, up from their prior price target of GBX 132 ($1.72).
Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a buy rating and issued a GBX 150 ($1.96) price target on shares of Cobham in a research note on Thursday, March 7th. Berenberg Bank upgraded Cobham to a buy rating and decreased their price target for the company from GBX 140 ($1.83) to GBX 124 ($1.62) in a research note on Thursday, November 29th. Barclays decreased their price target on Cobham from GBX 135 ($1.76) to GBX 110 ($1.44) and set an equal weight rating for the company in a research note on Monday, November 19th. Deutsche Bank upgraded Cobham to a hold rating in a research note on Friday, March 8th. Finally, Kepler Capital Markets upgraded Cobham to a hold rating and increased their price target for the company from GBX 117 ($1.53) to GBX 119 ($1.55) in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Cobham has an average rating of Hold and a consensus price target of GBX 125.82 ($1.64).
Cobham stock opened at GBX 116.40 ($1.52) on Tuesday. The company has a debt-to-equity ratio of 33.28, a current ratio of 1.33 and a quick ratio of 1.01. Cobham has a one year low of GBX 96.38 ($1.26) and a one year high of GBX 134.90 ($1.76). The stock has a market capitalization of $2.76 billion and a price-to-earnings ratio of 37.55.
In other news, insider David Lockwood sold 201,168 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of GBX 115 ($1.50), for a total value of £231,343.20 ($302,290.87). Over the last 90 days, insiders bought 357 shares of company stock valued at $39,993.
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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