Cobham (LON:COB) Rating Reaffirmed
Research analysts at Raymond James now has a GBX 260 target PPS on Cobham (LON:COB). Raymond James and their recent target PPS implies a potential downside of -8.87% from the company’s last close price. The rating has been announced in analysts note on Tuesday, 15 December.
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 296.24 with a 5.89% above today’s (GBX 284.9) stock price. Cobham PLC was the topic of 43 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 14 with “Sector Perform” rating. Liberum Capital maintained shares with “Buy” rating and GBX 330 target share price in a report from a November 26. Deutsche Bank downgraded COB stock in a recent report from December 4 to “Sell” rating. AlphaValue upgraded the rating on November 11. AlphaValue has a “Buy” rating and a GBX 316 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a November 26.
Approximately 263,892 shares of stock traded hands. Cobham plc (LON:COB) has declined 2.66% since May 18, 2015 and is downtrending. It has outperformed by 1.02% the S&P500.
The overall sentiment of institutions has increased to 1.16 in Q2 2015. Its up 0.34, from 0.82 in 2015Q2. The ratio is positive, 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 3.24 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.”