The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Cobham Share News (COB)

Cobham Information

There is currently no data for COB

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."

More News

1 Mar 2018 15:23

LIVE MARKETS-Rising rates and the benefits of a zombie apocalypse

LONDON, March 1 (Reuters) - Welcome to the home of real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 13:38

LIVE MARKETS-Kindly step away from the sector

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 12:59

LIVE MARKETS-European banks' stress tests: spoiler alert!

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 12:22

LIVE MARKETS-UK retail: now is the winter of our discontent

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 11:10

LIVE MARKETS-It's not you, it's me: how stock markets threaten the global economy

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 10:45

LIVE MARKETS-Italy's vote, the day after: how could markets react?

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

1 Mar 2018 09:00

UPDATE 1-UK's Cobham boosted as turnaround gains pace

LONDON, March 1 (Reuters) - British aerospace and defence company Cobham posted annual profit ahead of forecasts and stuck to its 2018 outlook, pushing up its shares that it a

1 Mar 2018 08:58

LIVE MARKETS-Results drag European shares, investors warm to UK domestics

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

17 Feb 2017 09:19

Friday broker round-up

(ShareCast News) - AstraZeneca: Jefferies reiterates Buy with a target price of 5250p. BT Group: Jefferies reiterates Hold with a target price of 325p. Standard Life: Macquarie reiterates Outperform with a target price of 450p. Cobham: Goldman Sachs reiterates Sell with a target price of 88p. Dra

16 Feb 2017 17:08

UPDATE 1-European shares retreat after 7 sessions of gains, Cobham plunges

* STOXX Europe 600 index down 0.4 pct * Cobham plunges 20 pct after profit miss * Miners track weaker copper prices * Air France rallies after strong update (Adds details, closing prices) By Atul Prakash LONDON, Feb 16 (Reuters) - European equities fell on Thursday

16 Feb 2017 17:05

LONDON MARKET CLOSE: Sterling Rebound, Ex-Divs Send UK Stocks Lower

16 Feb 2017 16:59

Britain's FTSE retreats from one-month peak, mid-cap index snaps winning streak

* FTSE 100 down 0.3 pct * Energy, auto shares fall * Ex-divs weigh * Cobham slumps after results * FTSE 250 snaps 7-day winning streak By Kit Rees and Helen Reid LONDON, Feb 16 (Reuters) - Britain's top share index retreated from a one-month high on Thursday, w

16 Feb 2017 14:53

Sector movers: Aerospace & Defence and Oil & Gas drag market lower

(ShareCast News) - Stocks in the aerospace and defence space bore the brunt of selling after Cobham warned on profits for the fifth time in just over a year. The FTSE 250 aerospace and defence group took a total of £179m in charges, including £150m from the KC-46 air tanker contract with Boeing, whi

16 Feb 2017 10:30

Britain's FTSE retreats from one-month peak, commodity-linked stocks weigh

(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 * Miners, energy shares fall * Ex-divs weigh * Cobham slumps after results By Kit Rees

16 Feb 2017 10:13

European shares retreat after 7 sessions of gains, Cobham plunges

(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) * STOXX Europe 600 index down 0.3 pct * Cobham plunges 20 pct after results * Miners track weaker metals prices By Atul Pr