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Liberum upgrades Cobham, says first-half results better than feared

Fri, 07th Aug 2015 13:53

(ShareCast News) - Liberum upgraded Cobham to 'buy' from 'hold' and raised the price target to 330p from 315p, saying the company's first-half results on Thursday were better than feared.It said cash conversion and the order intake have improved while the outlook was in line.Liberum said: "Defence markets are beginning to stabilise and Cobham has good exposure to long-term priority programmes."The broker noted that the shares are down 15% since it downgrade the stock to hold in January and now look more attractive.It said Cobham trades on a 2016 price-to-earnings ratio of 12x, compared with the UK aerospace and defence sector on 13.9x. It added that the stock offers an attractive dividend yield of more than 4% and a free cash flow yield in excess of 7%.On the bull side, Liberum highlighted stabilising defence markets, synergies from recent acquisitions and excellent history cash conversion, as well as a long history of dividend growth.At 1406 BST, Cobham shares were up 1.8% at 284.70p.
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24 Oct 2016 07:29

Cobham cuts profit guidance as satellite and wireless lag

(ShareCast News) - Softer conditions in the wireless and satellite communications (satcom) markets have led Cobham to issue a profit warning. Although management expects an improvement in the fourth quarter, it said the overall full year outcome was likely to be below its initial estimates and cut i

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24 Oct 2016 07:20

LONDON BRIEFING: easyJet And Petra Early Winners; RBS, Cobham Losers

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24 Oct 2016 06:15

Britain's Cobham downgrades profit forecast again

LONDON, Oct 24 (Reuters) - British aerospace and defence company Cobham downgraded its profit forecast for the second time this year after a continued weak performance in its communications unit. Cobham warned on Monday that its annual trading profit would now come in at between 255 million

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24 Oct 2016 06:12

TOP NEWS: Cobham Issues Profit Warning After Soft Third Quarter

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19 Oct 2016 15:07

UK Earnings, Trading Statements Calendar - Next 7 Days

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4 Oct 2016 15:36

Sector movers: Construction and aerospace lead advance

(ShareCast News) - Construction and industrial engineering stocks led the way higher, with shares in aerospace and defence close behind thanks to the favourable tailwind from the pound's depreciation. Activity in the UK construction sector bounced back in September, with Markit's purchasing manag

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29 Sep 2016 15:03

UK Dividends Calendar - Next 7 Days

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11 Sep 2016 15:45

Sunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons

(ShareCast News) - At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boost

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5 Sep 2016 15:25

Monday broker round-up

(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n

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5 Sep 2016 15:21

Sector movers: Big Oil, Industrial Metals pace gains on heels of G-20

(ShareCast News) - Big Oil again lent its heft to the market´s advance after Russia and Saudi Arabia unveiled an agreement to collaborate in the energy space. In a statement issued at the Group of 20 meeting in Hangzhou,China the oil producers said they would set up a working group to monitor the ma

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17 Aug 2016 16:16

Britain's FTSE dragged down by drop in Admiral

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17 Aug 2016 11:02

LONDON MARKET MIDDAY: Pound Spikes As UK Jobless Claims Dips In July

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17 Aug 2016 09:29

WINNERS & LOSERS SUMMARY: Solvency II Ratio Concerns Sink Admiral

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