Cohort plc (LON:CHRT – Get Free Report)’s stock price shot up 8.8% during mid-day trading on Wednesday . The stock traded as high as GBX 1,368 and last traded at GBX 1,338. Approximately 134,657 shares changed hands during trading, a decline of 75% from the average daily volume of 531,954 shares. The stock had previously closed at GBX 1,230.
Analysts Set New Price Targets
Several analysts recently issued reports on CHRT shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,740 target price on shares of Cohort in a research note on Thursday, May 28th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,300 price target on shares of Cohort in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,556.67.
View Our Latest Analysis on Cohort
Cohort Stock Up 2.4%
Insider Buying and Selling at Cohort
In other news, insider Andrew Stephen Thomis sold 1,611 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of GBX 1,242, for a total value of £20,008.62. Corporate insiders own 28.35% of the company’s stock.
About Cohort
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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