JPMorgan downgrades Cobham after results
4th Mar 2016 09:06
(ShareCast News) - JPMorgan Cazenove downgraded aerospace and defence group Cobham to 'neutral' from 'overweight' and cut the price target to 255p from 305p following the company's full year results on Thursday. It noted Cobham's 2015 earnings per share were around 4% below the bank's and Bloomberg'
Read moreCobham tumbles as it swings to full year loss
3rd Mar 2016 10:53
(ShareCast News) - Cobham shares slid on Thursday after the aerospace and defence group said it swung to a loss in 2015 and sounded a cautious note on the current year. For the year to the end of December, Cobham posted a pre-tax loss of £40m compared with a £24m in 2014, despite revenue rising to £
Read moreBerenberg turns stock picking spotlight on defence sector
20th Jan 2016 11:58
(ShareCast News) - Highlighting the importance of stock selection in the defence sector, Berenberg shone a spotlight on increasing margin pressures in coming years and downgraded Qinetiq to 'sell', upgraded Ultra Electronics to 'buy' and reiterated a 'sell' on Cobham. Berenberg, which also kept its
Read moreBroker tips: Bellway, Whitbread, Berenberg
14th Dec 2015 11:55
(ShareCast News) - Goldman Sachs has removed Whitbread from its Pan-Europe Buy List, downgrading it from 'buy' to 'neutral' on the back of its third quarter results. The investment bank said on Monday that UK revenue per available room (RevPAR) growth for the FTSE 100 company, which owns hotel brand
Read moreBerenberg downgrades Cobham on end-market headwinds
14th Dec 2015 10:47
(ShareCast News) - Berenberg downgraded Cobham to 'sell' from 'hold' and cut the price target to 260p from 300p. The bank pointed to persistent end-market headwinds, a stretched balance sheet and slower-than-anticipated working capital improvement. Berenberg said that following the company's third
Read moreBroker tips: Inmarsat, Cobham, Whitbread
4th Dec 2015 15:55
(ShareCast News) - Inmarsat shares dipped on Friday after Citigroup downgraded the stock to 'neutral' from 'buy' but retained its £11.50 target price. It said the company has performed strongly, outperforming the telecoms sector by 19% over the last six months and 37% over the last 12 months. "We s
Read moreDeutsche downgrades Cobham on valuation, Aeroflex deal
4th Dec 2015 09:11
(ShareCast News) - Deutsche Bank downgraded Cobham to 'sell' from 'hold', noting that after the recent run in the stock, the 265p price target is now 12% below the current share price. The bank said although US defence budgets have reached inflexion point, post recent M&A Cobham is now less geared i
Read moreDefence stocks fired up by European security spending hopes
17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
Read moreLondon close: Copper prices weigh on Footsie despite dovish MPC
5th Nov 2015 16:36
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
Read moreCobham sees full year earnings at lower end of market range
5th Nov 2015 08:47
(ShareCast News) - Engineering firm Cobham expects underlying earnings per share for the full year to be at the lower end of current market expectations on the back of order delays and decreased demand for some of its products. The current market consensus is 20.1p to 21.7p and Cobham said that even
Read moreLondon open: Investors anxious ahead of MPC's 'Super Thursday'
5th Nov 2015 08:30
(ShareCast News) - Investors in UK shares were anxious ahead of Thursday's meeting of the Monetary Policy Committee after remarks by US Federal Reserve chairwoman Janet Yellen on the previous day led traders to push up the odds of a December rate hike across the Pond. As of 0945 GMT the FTSE 100 was
Read moreMeggitt buys Cobham's advanced composites business for $200m
10th Aug 2015 07:34
(ShareCast News) - Engineering group Meggitt has agreed to acquire the advanced composites business of Cobham for $200m in cash financed from existing resources, in a deal that is expected to be immediately earnings-enhancing. The business makes engineered aerospace composite engine components and c
Read moreLiberum upgrades Cobham, says first-half results better than feared
7th 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: "Defenc
Read moreCharles Stanley upgrades Cobham first half performance
6th Aug 2015 15:50
(ShareCast News) - Analysts at Charles Stanley upgraded Cobham to 'accumulate' from 'hold' after its encouraging first half results. Cobham shares flew to the top of the FTSE 250 index after the defence manufacturer's first half results came in higher than expected. At 1602 BST shares were up by 6.8
Read moreFTSE 250 movers: Commodity prices pull oil stocks down
6th Aug 2015 14:48
(ShareCast News) - London's FTSE 250 fell slightly on Thursday, down 0.25% to 17,731.01 at 1456 BST. Tullow Oil led the fallers, declining 8.67% to 222.20p while fellow oil company Premier Oil was not far behind, falling by 7.81% to 116.80p. The pair suffered at the hands of falling oil prices as a
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