Cohort (LON:CHRT) Stock Rating Reaffirmed as Buy by Berenberg Bank

Cohort (LON:CHRT)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research report issued on Friday, September 25th, Digital Look reports. They currently have a GBX 1,630 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 35.16% from the company’s current price.

A number of other research firms have also weighed in on CHRT. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a research note on Wednesday, July 1st. Royal Bank Of Canada boosted their price target on 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 issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,563.33.

Cohort Price Performance

Shares of LON CHRT traded up GBX 12 during midday trading on Friday, reaching GBX 1,206. The stock had a trading volume of 83,871 shares, compared to its average volume of 397,844. The company has a market capitalization of £554.52 million, a price-to-earnings ratio of 23.51 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 stock has a 50-day moving average of GBX 1,230.63 and a 200-day moving average of GBX 1,251.29. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.93 and a current ratio of 1.43.

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

Insider Buying and Selling at Cohort

In other news, insider Andrew Stephen Thomis sold 23,898 shares of the firm’s stock in a transaction dated 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 Cohort stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total value of £460,558.70. In the last quarter, insiders sold 89,010 shares of company stock worth $109,706,915. Corporate insiders own 29.78% of the company’s stock.

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.