Cobham (LON:COB) Stock Price Crosses Above 50 Day Moving Average of $107.34

Shares of Cobham plc (LON:COB) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $107.34 and traded as high as $106.15. Cobham shares last traded at $104.85, with a volume of 2,894,109 shares changing hands.

COB has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 150 ($1.96) price target on shares of Cobham in a research report on Thursday, March 7th. Deutsche Bank upgraded Cobham to a “hold” rating in a research report on Friday, March 8th. UBS Group reiterated a “buy” rating on shares of Cobham in a research report on Friday, April 26th. Finally, Goldman Sachs Group lifted their price target on Cobham from GBX 105 ($1.37) to GBX 107 ($1.40) and gave the company a “sell” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Cobham presently has an average rating of “Hold” and an average target price of GBX 122.88 ($1.61).

The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 34.37. The company’s 50-day moving average is GBX 106.99. The company has a debt-to-equity ratio of 33.28, a current ratio of 1.33 and a quick ratio of 0.93.

In other Cobham news, insider Jamie Pike acquired 87,420 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of GBX 114 ($1.49) per share, for a total transaction of £99,658.80 ($130,221.87).

Cobham Company Profile (LON:COB)

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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