Is Cobham PLC (LON:COB) a Stock One Should Sell Following Today’s Deutsche Bank Downgrade?


Cobham PLC (LON:COB) Receives a Downgrade

In a recent report issued to clients and investors on 4 December, Deutsche Bank has decided to downgraded their rating on shares of Cobham PLC (LON:COB) to a Sell and has set a 12-month Estimated Target Price equal to GBX 265.00. This target is -11.28% 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 299.47 with a 1.88% above today’s (GBX 298.7) stock price. Cobham PLC was the topic of 39 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 26 with “Neutral” rating. JP Morgan maintained shares with “Overweight” rating and GBX 300 target share price in a report from a November 9. Goldman Sachs maintained COB stock in a recent report from November 23 with “Neutral” rating. Deutsche Bank maintained the rating on November 6. Deutsche Bank has a “Hold” rating and a GBX 265 price target on shares. Finally, AlphaValue upgraded the stock to “Buy” rating in a report issued on a November 11.

The stock closed the day at GBX 298.7 during the previous session. It is down 3.32% since May 7, 2015 and is uptrending. It has outperformed by 3.61% the S&P500.

 Is Cobham PLC (LON:COB) a Stock One Should Sell Following Today’s Deutsche Bank Downgrade?

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 3.40 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.

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