Cobham plc (LON:COB) insider David Mellors bought 91 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of GBX 164 ($2.14) per share, for a total transaction of £149.24 ($195.01).
Shares of Cobham stock opened at GBX 163 ($2.13) on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 43.70. The firm has a market cap of $3.90 billion and a P/E ratio of -85.79. Cobham plc 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 business has a 50-day moving average price of GBX 136.96 and a 200 day moving average price of GBX 118.48.
The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 10th will be issued a GBX 0.40 ($0.01) dividend. This represents a yield of 0.24%. The ex-dividend date is Thursday, October 10th.
A number of analysts have recently issued reports on COB shares. Goldman Sachs Group lifted their target price 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 150 ($1.96) target price on shares of Cobham in a research report on Wednesday, June 12th. UBS Group lowered Cobham to a “neutral” rating and lifted their target price for the stock from GBX 138 ($1.80) to GBX 165 ($2.16) in a research report on Monday, July 29th. Barclays lowered Cobham to an “equal weight” rating and lifted their target price for the stock from GBX 135 ($1.76) to GBX 165 ($2.16) in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 115 ($1.50) price objective on shares of Cobham in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 138.88 ($1.81).
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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