Cobham plc (LON:COB) Rating Reiterated by Barclays PLC

Cobham plc (LON:COB)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a report issued on Tuesday, July 25th. They presently have a GBX 135 ($1.78) target price on the stock. Barclays PLC’s price objective would indicate a potential downside of 5.26% from the company’s current price.

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COB has been the subject of several other reports. Kepler Capital Markets boosted their price target on Cobham plc from GBX 120 ($1.58) to GBX 135 ($1.78) and gave the stock a “hold” rating in a research report on Thursday, April 13th. Liberum Capital reissued a “hold” rating and issued a GBX 115 ($1.52) price target on shares of Cobham plc in a research report on Tuesday, March 28th. Citigroup Inc. boosted their price target on Cobham plc from GBX 115 ($1.52) to GBX 143 ($1.89) and gave the stock a “neutral” rating in a research report on Friday, May 5th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 113 ($1.49) price target on shares of Cobham plc in a research report on Thursday, June 15th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 125 ($1.65) price target on shares of Cobham plc in a research report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 128.96 ($1.70).

Cobham plc (LON:COB) opened at 142.50 on Tuesday. Cobham plc has a 12-month low of GBX 89.07 and a 12-month high of GBX 154.51. The company’s market cap is GBX 2.42 billion. The firm has a 50-day moving average price of GBX 132.80 and a 200-day moving average price of GBX 124.80.

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In related news, insider David Lockwood bought 44,578 shares of the stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of GBX 334 ($4.41) per share, for a total transaction of £148,890.52 ($196,399.58). Also, insider David Mellors sold 67,376 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of GBX 134 ($1.77), for a total value of £90,283.84 ($119,092.26).

About Cobham plc

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.