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


Cobham (LON:COB) Receives a Downgrade

Just today Cobham (LON:COB) has been cut by stock research analysts working for Deutsche to a solid Sell rating. This was announced in a a very recent research note issued to investors and clients on Friday, 4 December. The firm after the upgrade has a GBX 265.00 target price on shares. Deutsche’s target price may suggest a possible downside of -9.59%.

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 3.23% above today’s (GBX 294.8) stock price. Cobham PLC was the topic of 41 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank downgraded shares on December 4 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. UBS maintained COB stock in a recent report from November 26 with “Neutral” rating. AlphaValue upgraded the rating on November 11. AlphaValue has a “Buy” rating and a GBX 316 price target on shares. Finally, Goldman Sachs maintained the stock with “Neutral” rating in a report issued on a November 23.

Approximately 1.29M shares of stock traded hands. Cobham plc (LON:COB) has risen 3.32% since May 7, 2015 and is uptrending. It has outperformed by 6.10% the S&P500.

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

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 3.36 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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