Cohort plc (LON:CHRT – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 1,249.72 and traded as low as GBX 1,220. Cohort shares last traded at GBX 1,228, with a volume of 913,673 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on CHRT shares. Berenberg Bank restated a “buy” rating and set a GBX 1,630 target price on shares of Cohort in a research note on Friday, September 25th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,300 price target on shares of Cohort in a research note on Friday, September 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Cohort from GBX 1,740 to GBX 1,760 and gave the stock an “outperform” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,563.33.
Cohort Trading Up 1.3%
The company has a 50-day moving average price of GBX 1,229.01 and a 200-day moving average price of GBX 1,249.96. The firm has a market capitalization of £574.45 million, a price-to-earnings ratio of 24.25 and a beta of 0.35. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.93 and a current ratio of 1.43.
Insider Activity at Cohort
In other Cohort news, insider Simon Walther purchased 142 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average cost of GBX 1,260 per share, with a total value of £1,789.20. Also, insider Andrew Stephen Thomis purchased 142 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was bought at an average price of GBX 1,260 per share, for a total transaction of £1,789.20. In the last 90 days, insiders have sold 88,491 shares of company stock valued at $109,016,126. 28.29% of the stock is owned by company insiders.
Cohort Company Profile
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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