Cohort (LON:CHRT) Stock Keeps Buy Rating at Berenberg Bank

Cohort (LON:CHRT)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 1,630 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 41.25% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. 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. Jefferies Financial Group restated a “hold” rating and set a GBX 1,300 price objective on shares of Cohort in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Cohort currently has an average rating of “Moderate Buy” and an average price target of GBX 1,563.33.

Cohort Stock Performance

Shares of LON:CHRT traded up GBX 14 during midday 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 debt-to-equity ratio of 30.21, a quick ratio of 0.93 and a current ratio of 1.43. The stock’s 50 day simple moving average is GBX 1,239.49 and its 200 day simple moving average is GBX 1,257.66. The stock has a market capitalization of £530.61 million, a price-to-earnings ratio of 22.50 and a beta of 0.34. Cohort has a fifty-two week low of GBX 881.10 and a fifty-two 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%. As a group, research analysts anticipate that Cohort will post 42.7951807 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Simon Walther sold 39,635 shares of the firm’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 £460,558.70. Also, insider Andrew Stephen Thomis sold 23,898 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 value 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 owned by corporate insiders.

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.