Advertisement
UK markets close in 3 hours 50 minutes
  • FTSE 100

    8,086.97
    +42.16 (+0.52%)
     
  • FTSE 250

    19,800.70
    +0.98 (+0.00%)
     
  • AIM

    754.86
    -0.01 (-0.00%)
     
  • GBP/EUR

    1.1638
    +0.0010 (+0.09%)
     
  • GBP/USD

    1.2437
    -0.0015 (-0.12%)
     
  • Bitcoin GBP

    53,507.29
    +475.21 (+0.90%)
     
  • CMC Crypto 200

    1,433.89
    +9.79 (+0.69%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    82.90
    -0.46 (-0.55%)
     
  • GOLD FUTURES

    2,328.90
    -13.20 (-0.56%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,190.01
    +52.36 (+0.29%)
     
  • CAC 40

    8,136.72
    +30.94 (+0.38%)
     

BUZZ-Cobham: rallies off YTD lows after upgrade at JP Morgan

** British engineer Cobham (Other OTC: CBHMY - news) rises 1.8 pct after upgrade to "overweight" from "neutral" by JP Morgan

** Broker looking to play mean reversion after heavy YTD underperformance

** Trades on fwd P/E of 11.8x v 15x for aerospace peer group

** Co among the top risers on FTSE 250 midcap index

** Stock off YTD lows but still down 18 pct in 2015

** Of the 19 analysts covering the company, 12 have a "hold" rating, 4 rate it a "strong buy", 1 rate it a "buy" while remaining two have a "sell" and "strong sell" rating each (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)