Insider Buying: Cobham plc (LON:COB) Insider Buys 132 Shares of Stock

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Cobham plc (LON:COB) insider David Mellors acquired 132 shares of the stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average price of GBX 114 ($1.49) per share, with a total value of £150.48 ($196.63).

Shares of Cobham stock opened at GBX 105 ($1.37) on Friday. Cobham plc has a 12-month low of GBX 107.67 ($1.41) and a 12-month high of GBX 150.30 ($1.96).

Several equities analysts have recently issued reports on COB shares. UBS Group restated a “buy” rating and set a GBX 145 ($1.89) target price (down from GBX 150 ($1.96)) on shares of Cobham in a research report on Friday, July 27th. Berenberg Bank reiterated a “hold” rating and set a GBX 134 ($1.75) price objective on shares of Cobham in a report on Monday, July 2nd. JPMorgan Chase & Co. boosted their target price on Cobham from GBX 135 ($1.76) to GBX 140 ($1.83) and gave the company a “neutral” rating in a research note on Monday, August 6th. Kepler Capital Markets boosted their target price on Cobham from GBX 112 ($1.46) to GBX 117 ($1.53) and gave the company a “reduce” rating in a research note on Thursday, July 5th. Finally, Deutsche Bank restated a “sell” rating on shares of Cobham in a research note on Friday, August 17th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Cobham presently has an average rating of “Hold” and an average price target of GBX 129.20 ($1.69).

Cobham Company Profile

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.

Further Reading: What is dollar cost averaging (DCA)?

Insider Buying and Selling by Quarter for Cobham (LON:COB)

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