Cohort’s (CHRT) “Buy” Rating Reaffirmed at Berenberg Bank

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

Several other equities analysts have also recently commented on CHRT. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,300 target price on shares of Cohort in a research note on Wednesday, July 1st. Royal Bank Of Canada boosted their price objective 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,563.33.

Cohort Stock Performance

LON CHRT traded up GBX 14 during trading on Friday, hitting GBX 1,154. The company’s stock had a trading volume of 102,761 shares, compared to its average volume of 406,066. 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 firm has a 50 day moving average price of GBX 1,239.49 and a 200 day moving average price of GBX 1,257.66. The firm has a market cap of £530.61 million, a P/E ratio of 22.50 and a beta of 0.34. Cohort has a 52 week low of GBX 881.10 and a 52 week high of GBX 1,538.

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

Insider Buying and Selling

In other Cohort news, insider Simon Walther sold 39,635 shares of Cohort stock in a transaction on Tuesday, September 1st. The shares were 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 Cohort 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. Over the last 90 days, insiders have sold 89,010 shares of company stock worth $109,706,915. 29.78% of the stock is currently 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.