Cobham (LON:COB) Receives a Lower Rating From Berenberg Bank. Will This be Detrimental to the Share Price?

Share

Cobham (LON:COB) Receives a Downgrade

In a very recent research note issued to clients and investors on 14 December, Berenberg Bank has decided to downgraded their rating on shares of Cobham (LON:COB) to a Sell and has established an estimated 52-week PT equal to GBX 260.00. This target is -8.90% from COB’s current share price.

From a total of 17 analysts covering Cobham PLC (LON:COB) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 12 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is GBX 350 while the lowest target price is GBX 230. The mean of all analyst targets is GBX 298.59 with a 5.70% above today’s (GBX 285.4) stock price. Cobham PLC was the topic of 42 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Berenberg downgraded shares on December 14 to “Sell” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and GBX 300 target share price in a report from a November 16. Raymond James maintained COB stock in a recent report from December 3 with “Underperform” rating. AlphaValue upgraded the rating on November 11. AlphaValue has a “Buy” rating and a GBX 316 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a November 26.

The stock decreased 2.76% or GBX 8.1 on December 14, striking GBX 285.4. Approximately 4.48M shares of stock traded hands or 101.80% up from the average. Cobham plc (LON:COB) has risen 0.17% since May 15, 2015 and is uptrending. It has outperformed by 4.59% the S&P500.

 Cobham (LON:COB) Receives a Lower Rating From Berenberg Bank. Will This be Detrimental to the Share Price?

The overall sentiment of institutions has increased to 1.16 in Q2 2015. Its up 0.34, from 0.82 in 2015Q2. The ratio increased, as 6 institutions have sold all the shares of Cobham plc that they owned while 13 funds have taken shares off the table. 6 funds have purchased shares for the first time while 16 added to their positions. These institutions now hold 20.16 million shares or 29.98% more than the 15.51 million shares they owned in 2015Q2.

The Fund Varde Management L.P. currently is holding shares equating to 12.37% of its total portfolio in Cobham plc representing a total of 465,503 shares. Another fund,Waterstone Capital Management L.P., is holding a total of 736,693 shares equating to 6.09% of their holdings. Additionally, Oak Hill Capital Management Llc has a 5.77 million share stake in Cobham plc which represents 5.38% of their total portfolio. The Fund, Carlyle Group L.P., based out of , has also built up a stake in the stock, which represents a total of 0.45% of their total portfolio. Finally Ejf Capital Llc, a fund which is based in the state of Virginia reported a total holdings of 810,032 shares.

Cobham plc is a United Kingdom-based well-known provider of specialist technologies and know-how for components and subsystems. The company has a market cap of 3.25 billion GBP. The Firm operates in four divisions: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. It currently has negative earnings. It has three end markets, which consists of commercial, the United States defense/security and non-US defense/security.

According to Zacks Investment Research, “CommunityOne Bancorp is a bank holding company. It offers personal and commercial banking services which include loans, deposits, cash management, wealth, mortgage and online banking to businesses, professionals and individuals. The company operates primarily in Alamance, Alexander, Ashe, Burke, Caldwell, Catawba, Chatham, Gaston, Guilford, Iredell, Mecklenburg, Montgomery, Moore, Orange, Randolph and Richmond, Rowan, Scotland, Watauga and Wilkes counties in North Carolina. CommunityOne Bancorp, formerly known as FNB United Corp., is based in Asheboro, United States.”

COMMENTS: