November 23, 2016 - By Louis Casey
London: In a note issued to investors and clients on 23 November, Jefferies reiterated their “Buy” rating on shares of Cobham (LON:COB). They currently have a GBX 180.00 PT on the company. Jefferies’s target means a potential upside of 11.04% from the company’s last close price.
Out of 20 analysts covering Cobham PLC (LON:COB), 4 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 20% are positive. GBX 350 is the highest target while GBX 130 is the lowest. The GBX 196.74 average target is 20.63% above today’s (GBX 163.1) stock price. Cobham PLC has been the topic of 125 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Monday, August 8 the stock rating was maintained by Canaccord Genuity with “Hold”. Berenberg maintained the stock with “Hold” rating in Friday, September 25 report. The stock of Cobham plc (LON:COB) earned “Hold” rating by Deutsche Bank on Friday, June 24. On Tuesday, November 1 the stock rating was maintained by Jefferies with “Buy”. The firm has “Sell” rating by Deutsche Bank given on Thursday, February 11. On Friday, August 7 the stock rating was maintained by JP Morgan with “Neutral”. The stock of Cobham plc (LON:COB) earned “Underperform” rating by Raymond James on Tuesday, March 1. As per Tuesday, April 26, the company rating was maintained by Liberum Capital. The stock has “Sell” rating given by Berenberg on Friday, April 29. The firm has “Hold” rating given on Friday, August 7 by Societe Generale.
About 1.52 million shares traded hands. Cobham plc (LON:COB) has declined 11.96% since April 25, 2016 and is downtrending. It has underperformed by 17.29% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.83 in Q2 2016. Its up 0.27, from 1.56 in 2016Q1. The ratio is positive, as 8 funds sold all Cobham plc shares owned while 10 reduced positions. 7 funds bought stakes while 21 increased positions. They now own 14.51 million shares or 1.17% less from 14.68 million shares in 2016Q1.
Schwab Charles Inv Management Incorporated reported 23,300 shares or 0% of all its holdings. Blackrock Institutional Na accumulated 0% or 140,462 shares. Gardner Lewis Asset Mngmt Ltd Partnership holds 0.08% of its portfolio in Cobham plc (LON:COB) for 59,065 shares. American Gp last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement holds 0% or 12,508 shares in its portfolio. Ladenburg Thalmann Ser accumulated 1,000 shares or 0% of the stock. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. The Illinois-based Css Limited Liability Company Il has invested 0.09% in Cobham plc (LON:COB). Tiaa Cref Management Limited Com, a New York-based fund reported 46,960 shares. Alliancebernstein Lp holds 0% of its portfolio in Cobham plc (LON:COB) for 11,696 shares. Bancorp Of America Corporation De owns 241 shares or 0% of their US portfolio. Moreover, Carlyle Gp Limited Partnership has 1.27% invested in Cobham plc (LON:COB) for 5.77 million shares. Bnp Paribas Arbitrage accumulated 500 shares or 0% of the stock. The Texas-based Dimensional Fund Advsrs Ltd Partnership has invested 0% in Cobham plc (LON:COB). Yakira Capital Mgmt Inc last reported 141,886 shares in the company.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $65,200 net activity. $65,200 worth of shares were sold by Nielsen David L on Monday, August 8.
Cobham plc is a United Kingdom-based company, which supplies equipment and solutions that enable connectivity for voice, data and video applications. The company has a market cap of 2.78 billion GBP. The Firm has four divisions: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. It currently has negative earnings. The Company’s Communications and Connectivity sector 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.
Another recent and important Cobham plc (LON:COB) news was published by Fool.Co.Uk which published an article titled: “Why Cobham plc and RPS Group plc both crashed 20% today” on April 26, 2016.
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By Louis Casey