Trade Report: The JPMorgan Chase & Co. Increases Cobham plc (COB) Price Target to GBX 185

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

Cobham plc (LON:COB) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from GBX 165 ($2.15) to GBX 185 ($2.41) in a report issued on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 7.62% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Jefferies Group cut their price target on shares of Cobham plc from GBX 310 ($4.05) to GBX 175 ($2.28) and set a “buy” rating on the stock in a report on Friday, July 1st. Liberum Capital reiterated a “buy” rating and set a GBX 172 ($2.25) price target on shares of Cobham plc in a report on Thursday, August 4th. Morgan Stanley initiated coverage on shares of Cobham plc in a report on Tuesday, September 27th. They set an “equal weight” rating and a GBX 170 ($2.22) price target on the stock. Canaccord Genuity cut their price target on shares of Cobham plc from GBX 175 ($2.28) to GBX 160 ($2.09) and set a “hold” rating on the stock in a report on Monday, July 4th. Finally, Deutsche Bank AG dropped their target price on shares of Cobham plc from GBX 185 ($2.41) to GBX 152 ($1.98) and set a “hold” rating on the stock in a report on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Cobham plc has an average rating of “Hold” and an average target price of GBX 193.88 ($2.53).

Cobham plc (LON:COB) opened at 171.50 on Monday. The stock has a 50 day moving average price of GBX 167.08 and a 200 day moving average price of GBX 159.70. Cobham plc has a one year low of GBX 124.32 and a one year high of GBX 262.67. The company’s market cap is GBX 2.32 billion.

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

In other Cobham plc news, insider Nicholls,Simon sold 16,557 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of GBX 164 ($2.14), for a total value of £27,153.48 ($35,443.78).

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