Berenberg Bank Lowers Cobham (LON:COB) to Hold

Berenberg Bank lowered shares of Cobham (LON:COB) to a hold rating in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 170 ($2.22) price target on the stock, up from their prior price target of GBX 120 ($1.57).

COB has been the subject of several other reports. Goldman Sachs Group raised their price target on Cobham from GBX 105 ($1.37) to GBX 107 ($1.40) and gave the stock a sell rating in a research report on Tuesday, May 28th. UBS Group cut Cobham to a neutral rating and increased their price objective for the company from GBX 138 ($1.80) to GBX 165 ($2.16) in a research note on Monday. Jefferies Financial Group reiterated a buy rating and issued a GBX 150 ($1.96) price objective on shares of Cobham in a research note on Wednesday, June 12th. Deutsche Bank reiterated a hold rating on shares of Cobham in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 115 ($1.50) price objective on shares of Cobham in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Cobham has a consensus rating of Hold and a consensus target price of GBX 132 ($1.72).

Cobham stock remained flat at $GBX 166 ($2.17) during midday trading on Tuesday. The company had a trading volume of 12,738,978 shares, compared to its average volume of 9,760,000. The company has a debt-to-equity ratio of 43.70, a quick ratio of 0.91 and a current ratio of 1.25. The firm’s 50 day moving average is GBX 120.32. The stock has a market capitalization of $3.97 billion and a price-to-earnings ratio of -87.37. Cobham has a fifty-two week low of GBX 96.38 ($1.26) and a fifty-two week high of GBX 171.20 ($2.24).

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 10th will be paid a GBX 0.40 ($0.01) dividend. This represents a yield of 0.24%. The ex-dividend date is Thursday, October 10th.

About Cobham

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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Analyst Recommendations for Cobham (LON:COB)

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