Cobham Share News (COB)

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Broker tips: Asos, Cobham, Inmarsat

Mon, 20th Jun 2016 15:09

(ShareCast News) - RBC Capital Markets reiterated its 'outperform' stance and 4,500p price target on online fashion retailer ASOS, saying the recent share price weakness was a buying opportunity.The broker noted the shares have dropped more than 10% over the last month, most likely on concerns over Amazon's push into fashion and uncertainty ahead of the EU referendum."We think the Amazon threat is overstated and believe that ASOS's trading remains strong, particularly in the UK where we expect further market share gains," RBC said.In addition, it said the market underestimates the growth opportunity in the US where proposition enhancements are already visible. It expects underlying US revenue growth to accelerate next year as recent improvements made to the US customer proposition begin to yield top-line upside.Aerospace and defence group Cobham got a boost on Monday as Bank of America-Merrill Lynch upgraded the stock to ' buy' from 'neutral' noting the balance sheet was reset and the valuation is attractive for a defence asset.BofA ML pointed out that Cobham has completed a rights issue of around £500m, bringing the leverage to a much healthier 1.9x net debt EBITDA by year end FY16, putting the bank's previous concerns about leverage to rest.It argued that commercial growth remains a concern but said Cobham has a well-positioned defence portfolio, and it expects modest organic improvements in both the US and non US defence exposures. Citigroup upgraded Inmarsat to 'buy' from 'neutral' saying it was oversold and Brexit resistent, and lifted the price target to 900p from 880p due to the new GBP/USD exchange rate.The bank noted Inmarsat has fallen 34% in sterling over the last six months."We believe this is overdone and was partly, at least, due to the compounding of having its principal market (Maritime) going into a severe recession just as Inmarsat commenced its product migration to GlobalXpress (GX), coinciding with management deciding to advance the capex cycle for its next generation of satellites."

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5 Jan 2017 12:38

Thursday broker round-up

(ShareCast News) - Royal Dutch Shell B: UBS reiterates buy with a target price of 2500p. Aviva: JP Morgan reiterates overweight, 553p target. B&M European: HSBC reiterates buy with a 350p target. Breedon: Berenberg reiterates buy with a 85p target. Cobham: JP Morgan keeps at neutral with a 175p t

23 Nov 2016 16:00

Sector movers: Meggitt, Cobham lift defence stocks

(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,

23 Nov 2016 14:29

Wednesday broker round-up

(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a

22 Nov 2016 07:51

Cobham Chairman Devaney To Leave, Wareing To Take Over

22 Nov 2016 07:23

Cobham to replace chairman in management shake-up

LONDON, Nov 22 (Reuters) - Britain's Cobham said chairman John Devaney would be replaced by senior independent director Michael Wareing in January, amid management change at the aerospace and defence company after two profit warnings. Cobham's new CEO David Lockwood will start in December a

11 Nov 2016 17:46

Directors dealings: BAE Systems director takes profits

(ShareCast News) - BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits. On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650. Betwee

11 Nov 2016 15:59

Cobham Confirms New Chief Executive To Start On December 12

31 Oct 2016 16:55

Britain's FTSE slips, though posts fifth straight month of gains

* FTSE 100 down 0.6 pct * Longest monthly run of advances since 2013 * WPP jumps after update * Shire and Next fall ahead of earnings (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livema

31 Oct 2016 10:28

Britain's FTSE slips, though on track for fifth straight month of gains

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 down 0.4 pct * Set for fifth month of straight gains * WPP jumps after update By Kit Rees LONDON, Oct 31 (

31 Oct 2016 09:39

BROKER RATINGS SUMMARY: HSBC Raises IAG To Hold From Reduce

28 Oct 2016 15:04

UK Dividends Calendar - Next 7 Days

25 Oct 2016 15:12

GRAPHIC-Downgrades, profit warnings ring Brexit alarms for UK mid-caps

* FTSE 250 vs FTSE 100: http://reut.rs/2eCvwk9 * Profit warnings spark broker downgrades * Earnings disappointments lead to outsized moves * Senior, Cobham, Laird among midcaps warning on profits By Kit Rees LONDON, Oct 25 (Reuters) - A spate of profit warnings among

25 Oct 2016 10:10

Tuesday broker round-up

(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal

24 Oct 2016 10:57

LONDON MARKET MIDDAY: Stocks Lose Gains As Iraq Complicates OPEC Deal

24 Oct 2016 10:00

UPDATE 2-British defence group Cobham cuts profit forecast again

* 2016 trading profit could be 12 pct lower than consensus * Affected by weak demand for electronics products * Shares fall 17 pct (Adds CFO comment, analyst comment, share price,) By Sarah Young LONDON, Oct 24 (Reuters) - British aerospace and defence company Cobham cut

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