Shares of Cohort plc (LON:CHRT – Get Free Report) 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 trading hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CHRT. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a research note on Friday, September 25th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,630 price target on shares of Cohort in a report on Friday, September 25th. Finally, Royal Bank Of Canada boosted their price objective on Cohort from GBX 1,740 to GBX 1,760 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cohort currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,563.33.
Read Our Latest Research Report on Cohort
Cohort Stock Down 0.9%
The company has a market cap of £559.67 million, a PE ratio of 23.73 and a beta of 0.35. The company has a fifty day moving average of GBX 1,228.85 and a two-hundred day moving average of GBX 1,249.72. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.93 and a current ratio of 1.43.
Insiders Place Their Bets
In other Cohort news, insider Andrew Stephen Thomis sold 23,898 shares of the business’s 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 £277,694.76. Also, insider Simon Walther sold 39,635 shares of the 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. Insiders have sold 88,491 shares of company stock worth $109,016,126 in the last quarter. Company insiders own 29.78% of the company’s stock.
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.
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