Cohort (LON:CHRT) Given Buy Rating at Berenberg Bank

Cohort (LON:CHRT – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report released on Friday, Digital Look reports. They presently have a GBX 1,630 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 40.03% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada boosted their target price on Cohort from GBX 1,740 to GBX 1,760 and gave the company an “outperform” rating in a research report on Friday, July 17th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,300 price target on shares of Cohort in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,563.33.

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Cohort Trading Up 2.1%

Shares of LON:CHRT traded up GBX 24 during trading on Friday, reaching GBX 1,164. The company’s stock had a trading volume of 85,466 shares, compared to its average volume of 405,973. The stock has a market capitalization of £535.21 million, a PE ratio of 22.69 and a beta of 0.34. Cohort has a 12 month low of GBX 881.10 and a 12 month high of GBX 1,538. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 30.21. The firm’s 50 day simple moving average is GBX 1,242.41 and its two-hundred day simple moving average is GBX 1,258.39.

Cohort (LON:CHRT – Get Free Report) last issued its quarterly earnings data 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, research analysts predict that Cohort will post 42.7951807 EPS for the current fiscal year.

Insider Activity at Cohort

In related news, insider Andrew Stephen Thomis sold 23,898 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total transaction of £277,694.76. Also, insider Simon Walther sold 39,635 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total value of £460,558.70. Insiders have sold 89,010 shares of company stock valued at $109,706,915 in the last 90 days. Company 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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