Cohort (LON:CHRT) Stock Price Up 8.8% – Should You Buy?

Cohort plc (LON:CHRT) shot up 8.8% on Wednesday . The company traded as high as GBX 1,368 and last traded at GBX 1,338. Approximately 134,657 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 531,954 shares. The stock had previously closed at GBX 1,230.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,300 price target on shares of Cohort in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,740 price target on shares of Cohort in a report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,556.67.

Cohort Price Performance

The company has a debt-to-equity ratio of 57.48, a quick ratio of 0.93 and a current ratio of 1.36. The business has a 50-day simple moving average of GBX 1,231.99 and a 200 day simple moving average of GBX 1,188.02. The firm has a market cap of £613.15 million, a P/E ratio of 33.41 and a beta of 0.34.

Insider Activity at Cohort

In related news, insider Andrew Stephen Thomis sold 1,613 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of GBX 1,240, for a total value of £20,001.20. 28.35% of the stock is currently 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.