Cohort’s (CHRT) Buy Rating Reiterated at Berenberg Bank

Cohort (LON:CHRT – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 1,630 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 41.25% from the stock’s current price.

A number of other brokerages have also recently issued reports on CHRT. Royal Bank Of Canada boosted their target price on Cohort from GBX 1,740 to GBX 1,760 and gave the stock an “outperform” rating in a report on Friday, July 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,300 price target on shares of Cohort in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cohort has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,563.33.

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Cohort Trading Up 1.2%

CHRT stock opened at GBX 1,154 on Friday. The company has a market cap of £530.61 million, a price-to-earnings ratio of 22.50 and a beta of 0.34. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 30.21. The business has a fifty day simple moving average of GBX 1,239.49 and a 200-day simple moving average of GBX 1,257.66. Cohort has a 52 week low of GBX 881.10 and a 52 week high of GBX 1,538.

Cohort (LON:CHRT – Get Free Report) last issued its earnings results on Wednesday, July 15th. The company reported GBX 61.93 earnings per share for the quarter. Cohort had a return on equity of 13.59% and a net margin of 7.80%. On average, equities research analysts expect that Cohort will post 42.7951807 EPS for the current year.

Insider Activity

In other Cohort news, insider Simon Walther sold 39,635 shares of Cohort stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total transaction of £460,558.70. Also, insider Andrew Stephen Thomis sold 23,898 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total value of £277,694.76. In the last quarter, insiders sold 89,010 shares of company stock worth $109,706,915. Insiders own 29.78% of the company’s stock.

About Cohort

(Get Free Report)

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

The Group is split into two segments:

Communications and Intelligence
– EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt

– EM Solutions designs, assembles, tests, and supports satellite communications on-the-move terminals for defence and government customers.

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