Cohort’s (CHRT) “Hold” Rating Reiterated at Jefferies Financial Group

Cohort (LON:CHRT)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 1,300 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 11.68% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada upped their price target 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. Berenberg Bank reissued a “buy” rating and issued a GBX 1,630 price objective on shares of Cohort in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Cohort presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,563.33.

Cohort Trading Up 2.1%

CHRT traded up GBX 24 during trading hours on Friday, reaching GBX 1,164. 85,466 shares of the company’s stock traded hands, compared to its average volume of 405,973. The firm has a 50-day moving average price of GBX 1,242.41 and a 200 day moving average price of GBX 1,258.39. Cohort has a 52-week low of GBX 881.10 and a 52-week high of GBX 1,538. 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 market capitalization of £535.21 million, a PE ratio of 22.69 and a beta of 0.34.

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 return on equity of 13.59% and a net margin of 7.80%. As a group, sell-side analysts predict that Cohort will post 42.7951807 EPS for the current fiscal year.

Insider Buying and Selling at Cohort

In other news, insider Simon Walther sold 39,635 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total value of £460,558.70. Also, insider Andrew Stephen Thomis sold 23,898 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total value of £277,694.76. Insiders have sold a total of 89,010 shares of company stock worth $109,706,915 in the last ninety days. 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.