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Pin to quick picksCobham Share News (COB)

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Cobham boosted by JPMorgan upgrade

Wed, 13th Apr 2016 10:32

(ShareCast News) - Aerospace and defence firm Cobham got a boost on Wednesday as Barclays upgraded the stock to 'overweight' from 'equalweight' in light of the recent performance.It noted the stock has significantly de-rated since a small profit warning in the third quarter and lacklustre full year results, and is now trading at an increasingly attractive dividend yield."We think some investors discount the yield on fears that management may be required to cut the dividend in order to avoid breaching covenants due to the stretched balance sheet."But Barclays said the dividend cut was a low probability event."We calculate a 20% EBIT miss would be needed in 2016 to breach covenants and given over 80% of revenues are generated in stable or growing end markets, this seems unlikely. Moreover, after 45 years of paying a progressive dividend management is acutely aware of how a policy change would be received, in our view."Barclays added that given Cobham's earnings outlook, future dividend growth will likely be low to mid-single digits rather than the double-digit levels delivered historically.The bank cut its price target on the stock to 255p from 270p.At 1210 BST, Cobham shares were up 1.7% to 205.10p.
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1 May 2016 18:03

Sunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham

(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin

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29 Apr 2016 18:46

Sector movers: Banks, engineering stocks lead drop

(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators

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29 Apr 2016 08:23

BROKER RATINGS SUMMARY: HSBC Upgrades Land Securities And British Land

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28 Apr 2016 14:50

FTSE 250 movers: Tullow and Weir limit losses

(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a

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28 Apr 2016 11:31

Deutsche Bank upgrades Cobham but caution remains

(ShareCast News) - Deutsche Bank upgraded Cobham to 'hold' from 'sell' after the aerospace and defence group proposed raising £500m from a rights issue in the second quarter. However, while the concern about the company's balance sheet leverage has been eradicated and the shares have falled 40% fall

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28 Apr 2016 11:11

LONDON MARKET MIDDAY: Disappointment In Bank Of Japan Hits Shares

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28 Apr 2016 09:11

WINNERS & LOSERS SUMMARY: Lloyds Sold As Quarterly Profit Halves

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28 Apr 2016 08:28

BROKER RATINGS SUMMARY: Investec And Jefferies Keep Buy On Lloyds

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27 Apr 2016 15:32

Wednesday broker round-up

(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target

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27 Apr 2016 08:31

BROKER RATINGS SUMMARY: UBS Upgrades Worldpay To Buy From Neutral

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26 Apr 2016 16:00

LONDON MARKET CLOSE: Standard Chartered Helps FTSE 100 Outperform

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26 Apr 2016 13:04

UPDATE 3-Cobham profit warning forces emergency rights issue, shares sink

* Cobham Q1 profit plunges 70 pct to 15 million pounds * Cobham to raise equity due to covenant breach worries * Shares fall 20 percent following results, rights issue * CEO says problem at Wireless a "one-time" problem (Adds further comments from analyst call) By Sarah

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26 Apr 2016 11:03

LONDON MARKET MIDDAY: BP And Standard Chartered Results Lift FTSE 100

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26 Apr 2016 11:01

EXTRA: Cobham Sinks As It Unveils Rights Issue After Profit Warning (ALLISS)

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26 Apr 2016 09:30

WINNERS & LOSERS SUMMARY: Cobham Crushed On Weak Profit, Rights Issue

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